given that SCE have a 8x - 11x PE for pure play IO coys, SCE has suggested an SDL valn of $0.64 to $0.88 based on current long term prices and 70/30 dilution. I did not see SCE valueing SDL based on current prices on PE basis.
How do your valns look on a PE basis at spot prices into the future? I guess PE's projected into the future dont really cut the mustards, but it can be a guide for us nontheless.
I would look forward to seeing your analysis, as I am sure the masses here would as well.
Also, if you consider that capex will be repaid in 3-4 yearas time, are you able to equate the publised SDL cashflow graph (as per recent CEO presentation) with accounting profit of $270m as per SCE?
HB
SDL Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held
