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.
DEL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Not Held
