here is a copy of the Paterson's report for all those interested.
Subject: SRK (Strike Resources Ltd) -
SRK has provided an update on the potential sale of its Peruvian iron ore assets. Based on today’s release and discussion with management the transaction values the company at around $3.63/share after-tax. Tax implications remains the largest unknown, however our approach is conservative.
Retain a BUY with a price target of $4.49/share based on DCF valuation.
Note that the pre-tax valuation of the transaction (i.e. speculated purchase consideration) is $4.19/share which is roughly in line with price target.
I will have a note to follow shortly.
patersons have a buy, page-4
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.08M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49999 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 66602 | 2 |
View Market Depth
| Last trade - 16.12pm 07/11/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
Day chart unavailable