What does that makes wasps estimated value?
would depend on what you are valuing. Does the £60m for Tigers equate to buying the shares or is it structured in a different way (we dont know). Assume it is the company shares that are for sale Tigers are seeking a £25m uplift from the balance sheet net assets, perhaps their estimation of business goodwill/brand?. You could argue that wasps could do at least the same because of the site size and annual turnover. Also will depend on what the latest lease valuation says
If you were buying you could just buy just the wasps assets in which case thats £86m per the 2018 balance sheet but it might suit to take on the whole company and effectively delay payment until 2022 on £35m and do some sort of deal on the £18m owed to Richardson. In which case the sale value would be much lower.
The value would also be affected by the problems in previous accounts, and the continued risks from EC and SISU actions.
In terms of gross assets you are looking at £86+ but in terms of net assets a lot less anywhere between say £30m and zero i would guess (and it is very much a guess)
You have to be aware of what is actually for sale eg what the £60m for Tigers actually represents. Same would apply to putting a sale value on wasps. The bottom line is its whatever a willing buyer is prepared to pay and what is being sold
