psych101,
At the moment, nothing is firm yet (according to my broker). Probably why our SP is wandering.
Valuation of $4B for Quadrant is too optimistic for me - its 2016 profit was only $135M, although this was achieved during one of the worst oil price crashes in history.
Perhaps their 2017 profits will double (given the $4B valuation) - not sure - it would justify such lofty valuation of the company.
I am sure potential investors will be keen to review their 30 June 2017 financials. Lofty valuation is what you would expect from a Macquarie entity - they are there to maximize value for their "millionaire" staff.
Any way, lets wait and see what next week brings, after their Sydney and Melbourne roadshow.
Ann: Outtrim Project Update - Belgravia Prospect, page-11
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $478.3K | 3.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6210 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 482885 | 6 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |