The numbers look great and support a valuation around 4c if not higher. Their NPV uses a 10% discount rate, which is high.
As others have mentioned though, this sits at a massive discount because the market is expecting them to do something stupid like buy another business/asset etc when I think most people would be happy with reducing debt, reducing overheads and then some form of capital management. Anyway still holding ...
Foster Research Note, page-2
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $9.434K | 786.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2365954 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4046353 | 6 |
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| Last trade - 10.06am 25/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |