This at the start of the Edison Report today...
Valuation disconnect clearly evident
Despite recent gains, equity markets continue to excessively discount explorers
and in particular small caps with poor liquidity and little or no asset diversity. This
can be seen across multiple analyses including comparisons with DCF-risked
resource valuations, analyst consensus target prices and, probably most
significantly, industry terms determined from farm-outs.
Large price multiples on offer even on a risked basis
When considering net risked resource valuations we see substantial upside to
current share prices across the peer group, although not surprisingly there is wide
variability in our results. Pura Vida Energy and Tower Resources are probably the
standout names, with Pura Vida offering 20x upside (even on a risked basis) from
its Moroccan activities alone, while Tower is targeting an eye-watering 9.9bnboe
(gross) from a single well (Welwitschia-1).
- Forums
- ASX - By Stock
- edison report
This at the start of the Edison Report today...Valuation...
-
- 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)
Featured News
Add HHR (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $19.66M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $5.958K | 858.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 23450504 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1662160 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 23450504 | 0.006 |
43 | 12388262 | 0.005 |
10 | 5158333 | 0.004 |
5 | 5149999 | 0.003 |
5 | 5450000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1162160 | 4 |
0.008 | 8525318 | 9 |
0.009 | 27055347 | 9 |
0.010 | 834500 | 6 |
0.011 | 1693000 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
HHR (ASX) Chart |