quick calcs: ems holdings of hc berlin pharma, page-2

just found out from company listing did occur.

Last price was E 2.05.

E2.05 * 11.14m share = E22.83m market cap for HC berlin Pharma

E22.83m * 40% (which is EMS's approx stake inclusive of all subsidiary holdings) is 9.1m

E9.1m / 0.52 (euro/$a) gives EMS value of A$17.5m

$17.5m/200m shares on issue (not diluted for options)is 8.78c

Therefore theorectical EMS vlaue is 12.5c (current)+approx 8.5c = 21c.

cofident Berlin pharma (HCS) will go much higher) on release of more info