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Tarvold

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23/09/18

08:16

Post #: 35779253
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Originally posted by inversesquare ↑

Judging by today's share price movements (and the share price in general) I'm not convinced the market understands Windlab's business model (transitioning from a cashflow-lumpy developer to an owner/operator of high-quality wind resources). I think their ability to own equity in highly productive wind farms without (or with minimal) debt is a beautiful way to generate cash, without the risks of employing leverage (see: IFN).

Fortunately though we as shareholders don't need to worry about the current share price because I think the intrinsic value is well above today's price. Since the company's valuation is basically dependent on its pipeline of projects, a better way to frame its valuation is to ask: is there more chance than not of WND becoming at least twice as valuable within five years? If so, then you will earn a return of around 15% p.a. which is about the minimum I would want outside of holding an index fund. I am willing to bet WND will be worth at least $200M (before any dilution) by 2023, given the company's pipeline of globally competitive wind farms, their exceptionally clean balance sheet, low-risk business model, the cratering costs of wind turbines and access to highly liquid capital markets.

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https://www.finnewsnetwork.com.au/archives/finance_news_network200728.html
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WND Price at posting: $1.46 Sentiment: Buy Disclosure: Held
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Ann: Half Yearly Report and Accounts, page-5

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From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

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