Hi all
A friend has advised that Goldman Sachs has updated their value of SNE to WPL via their SOTP valuation freely available for Commsec users.
Luckily as SNE is FAR's only/main asset this type of valuation can be very easily applied to FAR.
Goldman have provided an updated value of SNE via SOTP of $2.54 attributable to each WPL share, which they have then risked at 80% to get to $2.04
WPL have 842m shares on issue meaning Goldman are valuing SNE to WPL at $2.138billion ($1.717billion @ 80%)
WPL and FAR WI's in SNE are held on a ratio of 35:15
$2.1b divided by 35 times by 15 = $916m ($733m risked at 80%) is the value that can therefore be ascribed to FAR for its share of SNE.
The above is obviously much higher than the current market cap of FAR.
As that is a SOTP value you would also need to add FAR's current cash of some $40m and then add whatever value you want for Gambia and other interests (PE?)
DYOR
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46.5¢ |
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Mkt cap ! $42.97M |
Open | High | Low | Value | Volume |
47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3338 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 199900 | 2 |
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No. | Vol. | Price($) |
---|---|---|
3 | 90826 | 0.455 |
2 | 51822 | 0.450 |
1 | 50000 | 0.445 |
1 | 50000 | 0.440 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 10000 | 1 |
0.510 | 220895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
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