Australia's largest stock trading and investment forum Australia's #1 stock forum

FAR

Click for more information

1.02%

48.5¢ far limited

And the funding that FAR requires to take SNE to production...

First 3 Last

Share
Profile

Follow
squire

4,929 Posts.

02/02/18

18:52

Post #: 30782065
Share

Originally posted by rollacoaster ↑

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

Expand

And the funding that FAR requires to take SNE to production would also need to be factored in. WPL on the other hand have no such issues. I am a FAR shr, not being negative just stating the case.

FAR Price at posting: 8.2¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 107 more messages in this thread...

First 3 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 48.5¢		Change -0.005(1.02%)		Mkt cap ! $44.81M

Open	High	Low	Value	Volume
48.5¢	48.5¢	48.5¢	$4.85K	10K

Buyers (Bids)

No.	Vol.	Price($)
1	31741	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	200000	1

View Market Depth

No.	Vol.	Price($)
1	31741	0.485
2	14999	0.480
1	10000	0.475
3	107553	0.470
1	50000	0.465

Price($)	Vol.	No.
0.495	1786	1
0.500	15000	1
0.510	25000	1
0.520	326386	5
0.530	101005	2

Last trade - 10.04am 07/10/2024 (20 minute delay)

FAR (ASX) Chart