Essentially these were private equity sales.

So let's call that market equity.

The market value equity of 1.5 billion.

But venture capital fundamentally is private equity, right?

It's financeable in the private capital market.

That is that private equity has been sniffing around, and that tells me that this market is about to explode.

You get a 189,000 market cap for this equity.

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

And I know that word is used a lot, private equity.

One of the top 10 private equity firms in the world.

And this is the market value of the equity, what the market thinks the equity's worth.

And then, that gets you to the market value the equity.

So the market cap, or what the market perceives the value of this equity is, the market capitalization, is these two numbers.

So they're saying essentially that the market cap, and that's equivalent to the market value of the equity, or what the market thinks the equity is worth, that's 1 times 500 million shares.

They just look purely at the equity value or the market capitalization.

And it's essentially, what is the market saying the equity is worth?

But when the market value, or the market cap, is below the book equity, that's the market just saying, hey we're calling your bluff.

We're willing to say that the market value of your equity is 210,000.

I think that's what I wanted a write here, market value of equity.

By applying the same price to earnings, we're saying that the market value of this equity is 210,000, while the market value of this equity is what was it? 189,000.

Although normally when people talk about private equity, they're not talking about venture capital.

So, remember, assets are equal to liabilites plus shareholder's equity, so if all of a sudden the market value of the equity, the market capitalization, for Ben's shoe company is 215,000... (That is the equity part right over here)

So the market is actually saying, no, you don't have 2 billion of equity, you only have half a billion of equity.

So the market is valuing their equity plus liabilities at 100 and... or 225,000.

The majority of the directors of Hart Intercivic come from a private equity firm. The private equity firm is called HlG Captial. Now HlG Capital has been heavily invested in Hart since about

And all it is, is what is market valuing the equity part of Ben's company worth

So equity.

Equity tranche.

That's equity.

So you broadcast it out to every hedge fund and private equity fund and every bank out there.

But the market cap is saying what the equity of the company is worth in the market's mind.

Essentially when the market price of my asset dropped, all of that value came out of my equity.

Private

Private

Private

Private

Private!

Other headlines that have recently reached South Africa were Bain Capital and KKR, the big boys of private equity.

Private communications are no longer private.

That's my equity.

liabilities plus equity.

This was equity.

left for equity.

liabilities plus equity.

What's my equity?