BGL 0.25% $1.96 bellevue gold limited

2012 guidance, page-9

  1. MJS
    2,274 Posts.
    lightbulb Created with Sketch. 26
    Hi Dhukka ... would be interested to know how you come to your valuation of low 20 cents? Not that I agree or disagree really. Just curious.

    In some ways it should be a combination of simple EBITDA multiple, then whatever premium or discount one decides to apply for whatever factors one values.

    One thought of mine is EBITDA of 6, giving market cap in 12 months of say $54M (on EBITDA of $9M). That would be SP of say 34 cents. Lowish presumed multiple takes into account this being a small cap so discounting, however the current low debt (vendor finance only) plus expected organic growth, could justify a premium. Hence from here 30% to 40% upside over 12 months, plus a bit for over shooting as happens (maybe).

    If you have a formula / tool would be happy for u to send it to me [email protected]

    MJS
 
watchlist Created with Sketch. Add BGL (ASX) to my watchlist
(20min delay)
Last
$1.96
Change
-0.005(0.25%)
Mkt cap ! $2.307B
Open High Low Value Volume
$1.95 $1.99 $1.94 $6.334M 3.220M

Buyers (Bids)

No. Vol. Price($)
1 10496 $1.96
 

Sellers (Offers)

Price($) Vol. No.
$1.97 27902 5
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
BGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.