re: cazenove - report As I read it:
“... our fair value target is 100p ...”
core NAV 72p (Chinguetti, Tevet ,Tiof, Banda, cash)
100-72= +28p (“... asset expansion and exploration potential ...”)
“... Our oil price sensitivity shows that +$1 per barrel adds around two pence or 3% to our core NAV. Of note, if we apply the long-term (2011) Brent futures price of $49 per barrel, our core NAV rises to 98 pence per share. ...”
98-72=26
26/2=13
49-13= $36 (=their base case valuation oil price)
oil price today $57:
57-36=21
21*2=42
42+72=114
today $57 => 114p + 28p (s.a.) = 142p => A$3,39 ????????????????
____________________________________________
This is too hot. Please do your own calculations!!!
____________________________________________
- Forums
- ASX - By Stock
- HDR
- appoints jp morgan cazenove and opens london offic
HDR
hardman resources limited
appoints jp morgan cazenove and opens london offic, page-11
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
SPONSORED BY The Market Online