Even Facebook only managed a multiple of 76 times when it floated and look what's happened to that.
Clearly HKEx is desperate to buy LME, which is very good at what it does, and has basically agreed to pay any price necessary. Why?
Wednesday, June 20, 2012
Like a lamb London surrenders London Metal Exchange
Hong Kong Exchange & Clearing has paid £1.4bn for the London Metal Exchange, a company which makes £11.2m operating profit - a multiple of more than 124 times.
Even Facebook only managed a multiple of 76 times when it floated and look what's happened to that.
Clearly HKEx is desperate to buy LME, which is very good at what it does, and has basically agreed to pay any price necessary. Why?
Even Facebook only managed a multiple of 76 times when it floated and look what's happened to that.
Clearly HKEx is desperate to buy LME, which is very good at what it does, and has basically agreed to pay any price necessary. Why?
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