Litha

[NOMAD1]

Looks like Litha is THE share to buy?

[topgun]

Well, if you don't already own them, I would wait for a pullback as some profit-taking should inevitably occur. That said, LHG should be trading above 200cps this time next year. The growing optionality value inherent in the put and call agreement in respect of the balance of the business (ie. the 49% of Litha not owned by LHG) that can be acquired on a fixed PE of 7.2x and be settled with rerated paper provides additional leverage to the attractiveness of investment. Omo