PTR is undervalued at the moment. Given that TRUenergy paid $57M for their 30%, one could easily assign $60M to PTR's 34% stake.
On top of this, they have $13M in cash, and now $21M in government funding (34% of $62.8M).
One could easily see $60M + $34M = $94M in enterprise value. With the number of shares on offer, fair value for the share price is closer to $1.
One could also easily argue that the government funding has also helped de-risk the project, assigning more value to the JV.
44c is a bargin IMHO.
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 28.5¢ | $109.2K | 373.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1835 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 3502 | 1 |
View Market Depth
| Last trade - 15.59pm 20/06/2025 (20 minute delay) ? |
| PTR (ASX) Chart |