The share price is trading at fire sale prices, in fact at an EV of less that A$80m I’d say Nifty is being ascribed a value by the market of much less than zero... therefore anything over $1 should see a massive rerate IMO. Hopefully mgmt don’t go chasing the hundreds of millions the prior mgmt team lost on it.
Greentech trading at MLX equiv of 26cps for their equiv % stake in Renison. Shake the CR risk and I’d expect that valuation gap to start closing...
Ann: Appendix 4D and Half Yearly Report and Accounts, page-22
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45.5¢ |
Change
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Mkt cap ! $412.3M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 44.5¢ | $565.5K | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 161725 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 47526 | 4 |
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