Originally Posted by dublinpilot
To me, I'd value it as follows:
A) £10,000. The reasoning being, I could buy all five shares, and sell the aircraft for £50,000 and have made neither a profit nor a loss (ignoring sale and purchase costs).
B) £12,000. The reasoning being, I could buy all five shares, and sell the aircraft for £50,000, and pocket the £10,000 in the engine fund, and as a result have made neither a profit nor a loss.
And (B) is where your reasoning is flawed - if you were to buy all 5 shares in an aircraft, in a group, do you think that group is going to hand over £10K cash? No - they're going to split it amongst the 5 of them BECAUSE THE GROUP WILL HAVE BEEN DISSOLVED.
I have not misunderstood your proposition in the original question - I've just answered it, pure and simple. You asked how much 1/5 of a share would be worth under the 2 scenarios you posed of someone buying it. Changing the proposition in your latest post to fit your present answer is hardly a cogent form of argument - Read your original question first.
Of course - if you're stupid enough to pay for someone else's flying - feel free, it would be your choice after all
