Tax selling, or not, the medium-long term risk is to the upside, IMO. I've tried to do a DCF using contracts that we know about and get a valuation estimate of about 60-70M. I'm no accountant, and I've made some some pretty big assumptions, but it comes out roughly inline with current market cap of 75M.
After the state one report suggesting there may be a couple of auto deals this year (maybe they know some that I don't) I added in some auto parts sales. Starting with 2.5M for 2014 ramping up to capacity for Bankstown facility over a few years, I get an estimate of about 160M. So roughly double current SP. Stateone price target is 0.50-0.60, which is a bit more than I would be comfortable with until there is is some definite new deals.
dumping, page-10
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Last
28.0¢ |
Change
-0.040(12.5%) |
Mkt cap ! $20.08M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 26.5¢ | $71.72K | 252.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18291 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 16850 | 1 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| QHL (ASX) Chart |