Lets assume what you are saying is 100% correct
i.e
a) SC6 price is US$850 for ever
b) FCF valuation multiplier = 10
c) LTR drops to A$0.50 inline with your analysis.
Q1 Now you also said that PLS will "Pounce in" with a merger proposal at that price/valuation? Is that because LTR is more valuable than A$0.50 and if LTR is more valuable than A$0.50 - isnt your analysis wrong or you believe the PLS dont know how to value LTR and they will overvalue it and "Pounce in" with a merger proposal?
Q2 As per your crystal ball - Will LTR Board be very excited when they see PLS has "pounced in" with a merger proposal ?. Will they accept? They should accept it if your analysis is correct as they are getting 10x of FCF with SC6 = US$850 for eternity.
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Last
95.0¢ |
Change
-0.015(1.55%) |
Mkt cap ! $2.303B | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | $1.01 | 94.3¢ | $14.14M | 14.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 108494 | 94.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.0¢ | 129667 | 3 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |