DEL
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3.45% 14.0¢ delorean corporation limited

Morgans has come out with a 'Speculative Buy' and a target price...

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  1. dabozza
    724 Posts.
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    10/08/21
    16:13
    Post #: 55177225
    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
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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