recoop
Your post is spot on.
IPM is undervalued, so is
BPT at 84.5 cents
CVN at 33.5 analyst valuation 90-115
TAP 94 cents
OEX 72.5 (last valuation $2.50 - 3$ plus
COE 39 analyst valuation 91 cents
NXS 133 analyst vaulation 2.05
Thev have buckleys in cash, assets that will require their cash flow to develop. Its a good compnay but if one looks at oilers this week IPM would have been in the high 80s this week.
Now lets use the OEX example, if someone launched a takeover, under the same logic that cooper should pay full value of IPM, then one would need to pay 400% permium ofr OEX. Am I making the point. Analyst value means nothing in thismarket as you correctly point out , specially a report commissioned to defend a takeover
Perhaps IPMs full value is 2$, but really in this market that is very very irrelevant. Part of me hopes the takeover fails to prove a point. A market where IPM is in the mid $1 is market where COE is in the 70s, which would value IPM at closer to 2%
recoopYour post is spot on.IPM is undervalued, so is BPT at 84.5...
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.2M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.3¢ | 18.0¢ | $1.172M | 6.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 276782 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 227600 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| COE (ASX) Chart |