Morgans has come out with a 'Speculative Buy' and a target price of 25.1c in the next 12 months.
Previously I posted my analysis on the DEL forecasts (current DCF of 31c, growth until FY25 baked into price, but none of the FY25+ growth nor optionality in terms of municipal services etc). One thing that has changed then is the higher energy prices, notably the higher gas prices - this makes DEL and its sustainable energy offerings like the DESAO green gas even more attractive. Looking forward to the next update from management.
Ann: DEVO Project - Final Investment Decision, page-95
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Last
8.5¢ |
Change
-0.005(5.56%) |
Mkt cap ! $18.33M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 9.1¢ | 8.2¢ | $103.4K | 1.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 124999 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 256298 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DEL (ASX) Chart |