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Until then, a more prudent valuation might be zero, or perhaps a little less.
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We are of the belief that investors should always opt to apply the most prudent method of valuation, especially when there is a large degree of risk and uncertainty attached to forecasts; this enhances the robustness of the margin of safety.
Industry insiders report that prudent institutions were running internal valuation models even when market prices were clearly observable: those that were not had to scramble to develop such models when markets seized up, causing delays in proper disclosure.
You would only be prudent then to avoid issues trading at sky-high valuations.
More analysis will be done on the area, however at this stage we see it prudent to take out the value of the project from our valuation.
The withdrawal of Chinese strategic players held back by weakened domestic economy, prudent M&A by local strategics and ongoing caution among Japanese, Korean and global corporates, combined with ongoing valuations exuberance by late-stage investors allocating funds to Southeast Asia, will continue holding back large liquidity events.
Prudent perhaps.
2. Valuation.
"They are prudent people".
That could seem prudent.
The uninsured are prudent.
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