Cantor says 68p for barryroe post farm out. Doesnt sound like they expect a good deal.
Hi Callasjunkie , yes I think that is where I went wrong with PVR - I didn't discount enough for the quality of the management! 
to be fair warren has a few things to say about managment too: What kinds of management does Warren Buffett like? He likes managers who are frugal – the CEO drives an ordinary car and lives in an ordinary house and does not feel anything weird about that. The managers he would avoid are those who have a large tendency to want to brag. He also likes managers who are not self-aggrandizing. His ‘sort of guy’ would be the manager who would not waste money on painting his office.
Arrr.. Can someone ask him why he wants in? Make him list good points?
And to be fair jimmys argument is a bit circular. They can only do farm out if they have something to farm out. Which obviously they need to initially fund through debt and equity.
We wont complete deal till they give us the money? Whats that about? Sounds like Sequa are playing dirty. Seems like they know pvr have backs against wall and are trying to force them to capitulate. What a shower of sh1ts.
Multiple potential farminees i guess mean we are back to square one and there has been no meaningful progress