Oh no, another announcement!
Effectively they picked more Adelphi for peanuts, their share of ADI is now worth $27m, at least $53m in cash and a total market cap of $288m. This means earnings at 17c per share are valued at a PE of around 5.5. In other words the considerable exploration and devlopment potential is completely factored out of the share price. You get Yemen, Canning and Perth basin exploration for free at current share prices. I'm trying to stay disciplined and not sell some other shares to buy more of these at these bargain levels.
undervalued, page-5
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14.5¢ |
Change
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Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.8¢ | 14.5¢ | $14.50K | 99.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1828966 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 3419686 | 23 |
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