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5.10%

51.5¢ far limited

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

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squire

4,929 Posts.

02/02/18

18:52

Post #: 30782065
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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

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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
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(20min delay)
Last 51.5¢		Change 0.025(5.10%)		Mkt cap ! $47.59M

Open	High	Low	Value	Volume
48.0¢	52.5¢	48.0¢	$164.4K	328.1K

Buyers (Bids)

No.	Vol.	Price($)
2	28930	48.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.5¢	9744	1

View Market Depth

No.	Vol.	Price($)
2	28930	0.480
2	70000	0.475
3	84150	0.470
3	160000	0.465
1	30000	0.460

Price($)	Vol.	No.
0.530	10000	1
0.540	22471	1
0.550	2285	1
0.590	5000	1
0.600	953	1

Last trade - 15.55pm 27/06/2024 (20 minute delay)

FAR (ASX) Chart