Hi all A friend has advised that Goldman Sachs has updated their...

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