SHE 11.1% 0.8¢ stonehorse energy limited

Thank you Rovic, 3.0 is still low..Potential market cap = Cash +...

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    Thank you Rovic, 3.0 is still low.
    .
    Potential market cap = Cash + EBITDA * P/E = Cash + EBITDA * 3.0
    .
    Future Market cap with 1 set of wells
    We get the graph below. (Y is accumulated EBITDA in thousands of AUD, X axis is number of months).
    Annual EBITDA = Gradiant * number of months= 417.9K *12.
    Tthen in 2.5 . years we are looking at 15 million cash+EBITDA of 5 miilion
    so theoretical market cap = 15+5*3 =30 million market cap.

    https://hotcopper.com.au/data/attachments/5998/5998228-3030eeb2eb473891236d7982cf39102e.jpg

    .
    Future Market cap with 3 sets of wells
    https://hotcopper.com.au/data/attachments/5998/5998242-fef800f7e4da985f0337387a1aeb4e9e.jpg
    .
    After 4 years , Cash= 58 million, and annual EBITDA is around 28 million
    So Market cap =58 million + 3.0 * 28 million= 142 million market cap.
    .
    For this to happen means SHE issuing a dividend like CUE to attract a P/E ratio of 3.0 and them opening up 3 sets of wells, which is a lot of wells but a lot of capital growth.
    .
    Lets hope the board gets back to business of opening wells.
    .
    These are my speculation on intrinsic value in the future if SHE opens up more wells.
    ,
    If SHE market cap does not rise then i would be quite happy for them to pay out a large dividends in the future.
    .
    Lets hope 2024 is a transformative year for SHE as written by David deloub on the investment hub.





 
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