For me personally in the short term I would value the stock around 150-175 million purely due to the peer comparisons and our 51% ownership. You can’t derive this type of valuation from earnings and net profit because just like the other two junior formula plays we aren’t being valued based off that.
If I account for roughly 500 million shares on issue then I would say 30-35 cent range in the short term. Depending on the distribution deals they ink in the future which I believe will be plenty..along with CFDA approval it could go much higher.
Ann: Issue of convertible notes, page-201
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Last
76.0¢ |
Change
0.020(2.70%) |
Mkt cap ! $63.28M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 76.0¢ | 73.0¢ | $139.0K | 186.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 111132 | 3 |
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| Last trade - 15.59pm 12/07/2024 (20 minute delay) ? |
| JAT (ASX) Chart |