KAR 4.67% $1.53 karoon energy ltd

maruja prospect, page-15

  1. 26 Posts.
    Assuming no surprise at the IPO and Karoon delivers, my valuation is between 14-18 AUD a share depending on IPO at low or bottom of range.

    If I am missing anything, please enlight me or if you think there is some technical headwinds, please share. Opinion are much appreciated.

    Below are my personal valuation scenarios:

    IPO at bottom of range:

    Total shares 217
    AUD/$ 1
    Low
    Aus business 4.5
    Brazil business 9.0
    Other 0
    Cash 0.62

    Per Share 14.1

    Brazil IPO - Calculation details
    Stake Value - USD 621
    Stake 31.9%
    Total Brazil - USD 1947
    Total Brazil - AUD 1947
    MBB 570
    $ per B 3.4

    Cash on hands
    Placement 186
    SPP 80
    Old 70
    336

    Value of cash 40%

    IPO at top of range

    Total shares 217
    AUD/$ 1
    High
    Aus business 6
    Brazil business 11.2
    Other 0
    Cash 1.08

    Per Share 18.2

    Brazil IPO - Calculation details
    Stake Value - USD 773
    Stake 31.9%
    Total Brazil - USD 2423
    Total Brazil - AUD 2423
    MBB 570
    $ per B 4.3

    Cash on hands
    Placement 186
    SPP 80
    Old 70
    336

    Value of cash 70%


 
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