Hi all
A friend has advised that Goldman Sachs has updated their value of SNE to WPL via their SOTP valuation freely available for Commsec users.
Luckily as SNE is FAR's only/main asset this type of valuation can be very easily applied to FAR.
Goldman have provided an updated value of SNE via SOTP of $2.54 attributable to each WPL share, which they have then risked at 80% to get to $2.04
WPL have 842m shares on issue meaning Goldman are valuing SNE to WPL at $2.138billion ($1.717billion @ 80%)
WPL and FAR WI's in SNE are held on a ratio of 35:15
$2.1b divided by 35 times by 15 = $916m ($733m risked at 80%) is the value that can therefore be ascribed to FAR for its share of SNE.
The above is obviously much higher than the current market cap of FAR.
As that is a SOTP value you would also need to add FAR's current cash of some $40m and then add whatever value you want for Gambia and other interests (PE?)
DYOR
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52.0¢ |
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0.015(2.97%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
50.5¢ | 52.0¢ | 50.5¢ | $17.38K | 33.92K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 51.5¢ |
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Price($) | Vol. | No. |
---|---|---|
52.0¢ | 96060 | 2 |
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No. | Vol. | Price($) |
---|---|---|
1 | 46081 | 0.505 |
2 | 70000 | 0.500 |
4 | 83693 | 0.495 |
1 | 5000 | 0.490 |
2 | 92553 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 96060 | 2 |
0.525 | 19005 | 2 |
0.530 | 1005 | 1 |
0.550 | 27285 | 2 |
0.555 | 10000 | 1 |
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