Unfortunately this is hard lesson I learnt during GFC (I started share trading in the bull trap just before the big drop ahead of the GFC) - markets can be very irrational so common sense might not always work with valuing stocks.
Roughly half the market cap is cash (albeit rapidly being burnt for not much progress is a worry) - but apart from that seems to be decent punt.
Lets says in the first 2 years after approval they have earnings of $100M per year (or 6600 patients at $15k p.a) then applying a 10x valuation means OPT should be worth $1B market cap or $2.84 SP which is not a bad position in 3-4year timeframe.
Ann: Half Year Accounts, page-30
-
- There are more pages in this discussion • 59 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 OPT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
35.0¢ |
Change
-0.010(2.78%) |
Mkt cap ! $382.0M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.5¢ | 35.0¢ | $934.4K | 2.624M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 230715 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 17816 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OPT (ASX) Chart |