24 Nov 2011
WORLDWIDE V QPAM LIMITED HC AK CIV-2006-404-1827 .
- Citation
- openlaw-e3bba7d0_857b_406c_a5a7_2448f55384e6.pdf
- Court
- High Court
The Court fixed the fair market value of WWNZ's 25% interest in the B units and B shares as at 26 April 2006 at NZD 2,690,000, applying a DCF approach with specific determinations: adopt management revenue assumptions for base case, apply Lucas long-term land growth assumption for ground rent, apply Small Company Risk Premium of 1.5%, do not apply an additional 'untested cash flow' premium, treat the derivative proceeding as having nil value for fair market valuation, apply combined minority and marketability discounts totaling 32.5%, and apply a 12% pre-operational risks discount against ent…