ORG 2.48% $9.90 origin energy limited

Ann: Origin increases stake in Octopus Energy, page-5

  1. 383 Posts.
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    RBC ups ORG TP to $11.25 on deal
    Suspect they are overshooting on Octopus valuation.

    Is their maths right on this???
    Our Origin Octopus valuation is now more than $4bn, or $2.35/sh based
    on the implied value from this transaction. Completion of the transaction
    by Origin is subject to regulatory approvals, including approval from the
    UK’s Financial Conduct Authority (FCA).



    I get from latest capital raising is being executed at a pre-money valuation of £5.6 billion or $11.2b AUD, implying c$2.6b valuation for ORG 23% (c$2.8b post money) not sure where RBC get $4bn


    Last edited by Pumice: 19/12/23
 
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