Agreed EV is the key
Lets say 250 for 25%
Net Debt drops to 350
Remainder of asset drops to 750 million
Therefore EV is now 400
Add 100 million for all other assets ( this is flexible based on current U price I am discounting heavily )
That's 500 million i intrinsic value from an asset perspective
I would expect though the additional breathing room and the fact that the deal derisks PDN and ensures it will be viable for many years , there will be a premium based on its value reflecting the likely higher future U price and cash flow .
I would expect it to trade at an EV / market cap of about 600 million with the future value determined by the U price
Interestingly the sale price , whether 25% is sold for 200, 250 or 300 m will have a big impact on the rerating as it impacts the market value of the remaining 75%
- Forums
- ASX - By Stock
- PDN
- afr: 25% stake to sell for $250-300m?
afr: 25% stake to sell for $250-300m? , page-24
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$13.03 |
Change
1.290(11.0%) |
Mkt cap ! $3.897B |
Open | High | Low | Value | Volume |
$12.85 | $13.27 | $12.74 | $66.40M | 5.110M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 639 | $13.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.03 | 5949 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 639 | 13.000 |
1 | 400 | 12.990 |
1 | 317 | 12.980 |
2 | 4800 | 12.950 |
2 | 1728 | 12.910 |
Price($) | Vol. | No. |
---|---|---|
13.030 | 5949 | 1 |
13.050 | 700 | 2 |
13.060 | 494 | 2 |
13.090 | 2270 | 2 |
13.100 | 225 | 1 |
Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online