IMO, yes.
On valuation you might have a look at the ASX300 resource index which trades on a 12+ multiple however a large skew in that are your top 10 contributors to the index like BHP, RIO, South, Woodside ect. Given the cyclical nature of resources, transactions tend to occur on much lesser multiples. Try and find any recent transactions in resources that occurred on a 12.5 x multiple. RIO have just sold their Kestrel coal mine in QLD to EMR Capital for $2.25b on an EBITDA of $341m or about a 6.5 x multiple.
Lithium Demand surge, page-183
-
- There are more pages in this discussion • 2,552 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |