Its seems ME prefers Timee's valuation to that of Petepan! i.e. growth than priced in. Price target $3.96
"DCF Valuation Our valuation increases from $3.27 to $4.64 due to increases in our earnings forecasts. Our WACC is 10.60% and long term growth rate of 3.0% is maintained. Readers should note that the cash from the recent capital raising is valued as surplus cash and therefore we expect our valuation to rise should that cash be used in a value accretive acquisition. "
I'm simply the messenger :)
VOC Price at posting:
$4.59 Sentiment: None Disclosure: Held