This article is a good read -
http://www.theaustralian.news.com.au/business/story/0,28124,25748729-30538,00.html
The theory is ENE is undervalued - on some levels due to the CPRS issues, as they say = 20% revenue. However, if you take the $3.65 comparative valuation and apply a 0.8 multipler your get discounted valuation $2.92.
We know the UK/France assets are more valuable.
So the issue remains - 90% held by TOP 20 shareholders all looking to unlock value, issue remains who's going to do it if not Archer.
My opinion - Archer is betting on a CPRS change in some form and pitching at a level they cannot lose at ... little downside @ $2.40
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- discounted valuation $2.92
This article is a good read -...
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Last
$1.64 |
Change
-0.020(1.21%) |
Mkt cap ! $182.7M |
Open | High | Low | Value | Volume |
$1.65 | $1.66 | $1.62 | $233.5K | 142.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 630 | $1.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.64 | 7828 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1567 | 1.580 |
1 | 4000 | 1.575 |
1 | 700 | 1.540 |
1 | 875 | 1.535 |
1 | 6664 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.635 | 7828 | 1 |
1.640 | 20000 | 1 |
1.650 | 2225 | 1 |
1.655 | 759 | 1 |
1.660 | 2400 | 1 |
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