Guess-timates on cash flow & Crux value:
Value of Crux deal $637m aprox (using $75m for 2% of crux as a guide)
Cash end Q3 $36m
Recoverable long term lead items? guess $30m
Est Cash flow Longtom Q4 $13m (if same as Q3)
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$716m
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Debt end Q3 $234m
Sedco liability? $30m
Longtom costs & repayments Q4 $27m
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$425m
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shares 1326m
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Rough value/share cash + crux - debts 425/1326 = 0.32
Add in speculative estimates for future earnings from Longtom & Prelude?
Add in speculative estimate for Echuca.
Undervalued at .11 I think even in worst case scenario. Downward push on price due to big sellers eg M&G. Seems like there must be a different reason for the big sales than just estimated value of the shares in the company.
With M&G selling lots this is convincing others to sell as well. How much do M&G want to get rid of? If it's all of them it will be a long time before sp goes up again.
Credit suisse seem to be picking quite a lot of them up!
Once everything settles down maybe the sp will get back to .30+?
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $61.35M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 19.0¢ | $31.60K | 161.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7800 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 4944 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.190 |
1 | 54000 | 0.185 |
3 | 58000 | 0.180 |
1 | 60000 | 0.175 |
2 | 67500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 4444 | 1 |
0.240 | 272 | 1 |
0.250 | 31000 | 3 |
0.255 | 75000 | 1 |
0.270 | 61438 | 2 |
Last trade - 14.52pm 30/08/2024 (20 minute delay) ? |
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