Forget the accountants report & check out the Strachan Report on the IPM web site:
http://www.incrementalpetroleum.com/reports/IPM%20final.pdf
$2-05 a share in 'normal' market valuation and it points out that there have been many problems in achieving current production...Sorry EL - perhaps management is not as perfect as you would like us to think.
Hartleys value, based on a similar valuation criteria as the IPM Strachan report, places COE at 86cents so 3.1 shares for IPM would give a broker value to the COE offer of $2-66; of course, with the two coys combined, this value could increase greatly.
I wonder what the KPMG value of COE would be if the accountants were briefed by COE and they added all of the blue sky contained in their IPM valuation?
Over to you AS as your analytical skills are far superior to mine...
Are we (COE) paying too big a premium for IPM?
ipm september strachan report
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $1.268M | 5.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12185 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 387997 | 10 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |