Monday, November 06, 2023 6:07:39 AM
Let's start with ITUP. The company owns part of IREEM and Cow and also has a majority interest in Masala Capital. IREEM will generate income from future SPACs and Masala Capital will generate income from the vertical companies as it is the registered investment advisor on behalf of these companies. Laxmi already mention a $100 target price per share for ITUP which would give it a $1.6 billion valuation based on 16.2M shares outstanding. When you add up all the parts plus the business and net assets that ITUP reported already 2 years ago then it isn't hard to see why this could be a realistic and fair assumption.
Now lets move on to the vertical companies. And let me provide some context here first. The valuations below are feasible if
1) we execute as planned.
2) our partners don't screw up
3) we can get the financing to develop all these projects
Although the company has been struggling a bit in the past, it's looking pretty good now IMO.
Then, the below numbers are feasible. And you can see how ITUP relates to the other (vertical) companies. And learn a few more things. (Let's assume a 3 year time horizon on this).
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