BP have this at a FY26 PE of <0.4x. That’s $161m of NPAT on a market cap of $60m. That’s hugely compelling.
There’s no funding risk now, just the slice of the pie will either be 20% or 40%. The two biggest risks are gas prices, which I’m bullish on and standard development/project risks. But the discount on the SP from these risks is too high IMO and that’s the play.
It’s hard seeing the SP down here but you need to trust your research. We’re not here for a 20% gain. This has very high multibag potential and I’ve been buying this on the way down with orders in the stack and appetite to get more if it breaks 2c. GLTAH
Q1 - 2024, page-45
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $16.85M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $32.53K | 5.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 11086175 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4404864 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HHR (ASX) Chart |