Hi Gannp...
thanks, add $14m for the tax credits in the first year.
Rob, good question.. I'm not entiely sure myself :) i guess the chance of launch failure is 'known' through the premium paid for the insurance, so i tried to see what discount rate is being applied given a 'known' chance of launch failure to arrive at current share price.
You're right though, if you take a higher risk rate, then surely it's incorporating the chance of failure, so the true discount rate is surely >30% ... which is very good value.
Re: valuation methods, I think it depends on management's intentions and strategy. If they intend to build up a portfolio of 5-6 satelites then sell them off I would value coy based on EBIT multiples. If the intention is to hold for the life of the assets and receive the income stream, then free cash flows would give a better valuation.. imo.
- Forums
- ASX - By Stock
- NWT
- jab-1 value = 91c
jab-1 value = 91c, page-4
-
-
- There are more pages in this discussion • 3 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 NWT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online