Last quote is not from me Pitts... At least I had the decency to admit my NYSE rule error, doubt I'll get same from you on this.
You're financial acumen fell apart when you quoted NASDAQ data when CHC is listed on the NYSE and then mentioned FR who sold out last year.
"That is absolutely how it works. Market capitalisation = number of shares x the share price... "
This is true but shows you did markets 101 and nothing further. A market says the current price of the AVAILABLE shares (ie what a current buyer will pay a current seller). As I said, ask CD&R if they'd sell at that price and the answer would be a big fat no. Thus while the market cap is a simple easy to understand number, it does not (and never has) reflected an actual value for the whole company.
I'm done with you. Ciao.
Last edited by nowherespecial; 19th Jul 2015 at 09:10.