As difficult as the numbers are to analyse, there are some numbers that can tell the story.
The Implied Embedded Value of some $2.8B is before case costs, shared fund returns, finance and overheads. Let's say as @Transversal estimated that it could net to $0.9B. Let's also say that the return can be generated over four years given case timings, making it $225m per annum. OBL overheads may be around $55m per annum. That's a PBT of $170m and NPAT of approx $120m.
Given the large quantity and diversification of cases the returns should progressively become quite consistent. A bit like an infrastructure stock. A 12 times PE sounds very reasonable.
At 12 times $120m NPAT, the market cap would be $1.44B. That's a 63% uplift from the current price of $3.52, taking the share price to around $5.70.
OBL Price at posting:
$3.52 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)