Hi.
Looking at BOW and surprised at the current sp in comparison to say SGL (SGL was $0.42 aprez takeover) considering they had similar mkt cap (SGL $184m vs. BOW $164m) and SGL announced 25,000 PJ reserves vs 192PJ ATP794P (0.77%) for Bow.
The recent cap raising, though necessary for proving up reserves, should have had a dilutive sp effect too.
I can appreciate that BOW's acreage has lots of potential but I can not understand the sp movement (or market sentiment for that matter - that's my problem of course). :-)
I would have thought that the likes of VPE offered similar value (Growler oil income for continued CSG exploration, no debt, respected ex-QGC major shareholders).
Can anyone enlighten me on this anomaly?
Apologies if this has been discussed before.
Good luck to all holders.
John.
- Forums
- ASX - By Stock
- bow sp?
Hi.Looking at BOW and surprised at the current sp in comparison...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)