If you have not yet had a chance to read Part 1, then you can find it here:
At the time of writing this Blog the Mid Price in the Market is 114p - I will use this Number for the purposes of this Valuation Section but of course in practice the numbers change as the Price moves up and down. Normally when I write these ‘Stock Buy Rationale’ Blogs I tend to use the actual Buy Price that I paid and that is obviously logical and relevant. However, in this case I am so late in getting the Blog published that I think it might be more useful for Readers if I use a Price closer to the prevailing Price at this point in time. Having said that my Buy Price was about 112p so it is not wildly different anyway.