As indicated in ¶530-500, the dividend basis would seem to be appropriate for use in valuing minority shareholdings in profitable companies where there is no prospect of realising a capital profit. However, the difficulty comes in establishing what rate of dividend, if any, could be expected to be paid for the foreseeable future. This difficulty is exacerbated by the fact that the purchaser of a minority shareholding may only have access to information already within the public domain (see ¶529-050). They may have to base their expectations on historic published accounts.

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