In Taylor's DCF they assigned a 15% success rate to both trials which is very low. If you start to adjust this upwards to 25%, 50%, 75% etc you get a very different valuation! Assigning a 100% success rate would result in a portfolio total of around $500m! ($77m / 15% x 100%). Someone please check my figures.
Here's the relevant part of Taylor's report:
Taylor's Initiation, page-6
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Last
39.0¢ |
Change
0.030(8.33%) |
Mkt cap ! $217.2M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 40.3¢ | 36.0¢ | $1.507M | 3.914M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 121794 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 117454 | 4 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| DXB (ASX) Chart |