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Date Posted: Tuesday, May 27, 05:12:28pm
Author: Same Old Story
Author Host/IP: 85-115-50-2.mailcontrol.com / 85.115.50.2
Subject: Annoying i know, but net spend isn't a relevant metric, due to residual amortisation. For instance, we could sell Andersen for £24m, and it would only be enough to write back the amortisation remaining. If we sold, say, Robinson for the same amount, it would be £24m straight to profit and ready to spend. But i get what you're asking. I think we could have, if deals are structured well - £80-£100m worth coming in, as long as we sell £25m+ that has no amortisation offset. If that makes sense.
In reply to: Henry1879 's message, "I know this is a bit of a, how longs a piece of string question, given lengths of contract, accounting, all manner of variables aren’t known yet, but if you had to take a guesstimate, where would you see our budget being roughly this summer, assuming we get close to FPR limits? Somewhere around last couple of net summer spends of circa £25/£30m?" on Tuesday, May 27, 03:56:55pm


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