Just quickly re-worked some previous analysis I posted over at MEP, assumptions used can be found here.
The "Pre-Acquisition" table uses ADN's current fully diluted SOI and a 75% share of NPAT.
The "Post-Acquisition" table adds MEP's current SOI (multiplied by 1.15) and increases ADN's share of NPAT to 100%.
IMO this analysis is quite conservative as it does not include any upside from DSO/Cosmetics/Concrete/HPA/NNT/Deferred tax assets etc, although I believe this will help justify a higher PE.
As a base case, we can see that the acquisition of MEP adds ~ 9% upside to the Pre-Acquisition share price.
The downside to be considered is that ADN have now diluted all other tenements/holdings apart from GW, Camel Lake and NNT. Although, depending on how much of the current market cap is attributed to these other tenements/holdings, this may not be a significant share price driver.
**DYOR
- Forums
- ASX - By Stock
- ADN
- Ann: Andromeda and Minotaur to Combine
Ann: Andromeda and Minotaur to Combine, page-320
-
- There are more pages in this discussion • 12 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 ADN (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $52.87M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.6¢ | $51.60K | 3.261M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2784466 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 2392758 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2784466 | 0.016 |
32 | 8075945 | 0.015 |
14 | 2598262 | 0.014 |
7 | 2633923 | 0.013 |
6 | 1585834 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 2392758 | 8 |
0.018 | 2682628 | 8 |
0.019 | 3659762 | 9 |
0.020 | 1693444 | 14 |
0.021 | 1450000 | 3 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online