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It is tempting to go with the highest valuation you receive, but be realistic.
If you are unhappy with your valuation, you can challenge it, but be prepared to put in some hard research.
Ms. Barron said, "When you come up with a valuation you look at comparable works and what they have sold for at public or private sales".
"It's more important than ever to be flexible about the valuation you expect and the amount you want to raise," he said in the letter.
To justify the current valuation you have to believe in a severe double dip that will challenge Cookson's banking covenants and to put this in context, to breech on interest cover and net debt/ebitda in 2010, earnings before interest and tax would have to fall to £90m and £54m respectively compared to our current £258m.
It depends on the valuation you got.
Similar(27)
If you are a contrarian looking at fundamental valuations, you have to be licking your lips".
Yet, at these valuations, you'd surely back the old giant over the deal-a-minute biotech brigade.
He is perhaps more tortured than the criminal, and so as you can see I can hardly concur with the valuations you put on these matters.
"Even if reimbursement rates don't change and there is no restructuring of the system, fear of it could pressure multiples further," he said, "but at these valuations, you've got to be predisposed to build positions in some of these names".
At these valuations you can just about forget about finding stocks that are absolutely cheap.
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