By increasing the COS from 50% to 75%, it has increased the risked NAV for ED1 from 4cps to 6cps, and increasing overall valuation from 41cps to 43cps.
Given STX only had 25% of Booth and it was only risked at 10%, the risked NAV for Booth was less than 1cps, so failure of Booth had negligible impact on the overall valuation.
Even though my valuation is about 25% higher than those of Bell and Euroz and they are the pros, I'm still confident in my model. Even if I am wrong by 25% and the fair value is 33cps, there is still a 100% upside based on current SP. That's why one should actually be happy about the SP cos IMHO, it really does present one heck of a buying opportunity.
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Ann: Erregulla Deep-1 Update, page-43
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Last
21.0¢ |
Change
-0.015(6.67%) |
Mkt cap ! $601.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $1.393M | 6.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 833597 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 1173079 | 4 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |