COE 1.09% 22.8¢ cooper energy limited

The market capital is just $420 mil, but if you minus that with...

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    The market capital is just $420 mil, but if you minus that with the recent payment of $210 mil for the Orbost plant, its capital is equivalent to $210 mil compared with that before the capital raising last June. I remember its capital once blew over 1 billion before the Sole gas started to run years ago. So the problem it about the sentiment. I see from the quarterly report they currently make around $5 mil a quarter, and that's about $20 mil a year. So after the transition the profit can be $40 mil a year considering the saving from the payment to APA, but then they still need to pay off the rest of the plant, which is about $60 mil to $120 mil. I think if Santos or Beach can make a takeover off, that will be great.
 
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Last trade - 13.56pm 31/05/2024 (20 minute delay) ?
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