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.
Ann: DEVO Project - Final Investment Decision, page-95
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Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $10.57M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.9¢ | $715 | 14.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 62353 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 63000 | 2 |
View Market Depth
| Last trade - 13.35pm 31/05/2024 (20 minute delay) ? |
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Last
4.7¢ |
Change
-0.001 ( 6.00 %) |
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| Open | High | Low | Volume | ||
| 4.7¢ | 4.7¢ | 4.7¢ | 7272 | ||
| Last updated 13.00pm 31/05/2024 ? | |||||
| DEL (ASX) Chart |