Two Knobs - Ferrari vs Porsche

[MWM3]

Look to have been racing especially given the fact both drivers apparently ran off...

https://www.thesun.co.uk/news/6337567/porsche-ferr...

https://www.thestar.co.uk/news/pictures-supercars-...

[MWM3]

Not one in the same is it?

https://www.blackpoolgazette.co.uk/news/crime/moto...

Very similar MO

[MWM3]

TooMany2cvs said:

Except for the "Mondeo", "Preston" bits.

I was assuming the reported got mixed up between a Mondeo and an Aston..easily done!

[MWM3]

blueg33 said:

Is that net profit or gross profit? Very different things. To what extent is the business geared? Etc etc. Just quoting number like that is meaningless.

But if it’s net, just under 10% is ok. Turnover is lower than I would have expected. Is that for the whole group? Does it cover their property investments?

£2.3m befre tax.

https://beta.companieshouse.gov.uk/company/0706117...

https://document-api-images-prod.s3.eu-west-1.amaz...

Edited by MWM3 on Wednesday 23 May 14:28

[MWM3]

TooMany2cvs said:

That's not how businesses are valued...

I have some shares. They didn't pay a dividend this year. Are they worthless? No, of course not.

No dividends paid this year but company does owe him £1.2m.

[MWM3]

Alpinestars said:

Three things.

A company is normally valued on a multiple.I don’t know what EBITDA is, but even if it were only £5m, that’ll be your £30m valuation pretty easily.

Second, you don’t know if that pre tax number is post a big salary.

Third, you don’t know what other assets he owns.

Yes you do, read the accounts I posted link to earlier. Directors didn't take salary or divs last year. Wife paid £50k salary.