As i mentiomed earlier, $1billion valuation for a company that is earning $100m per annum is really cheap.
Assuming 4cents divvy for 50 years.
The market only wants to see a constant divvy to be able to fully valuate it.
The price should of never reached below 10cents pre-privatisation, but that is share market and can not control it.
I have seen stocks that have grown about 2000 fold before any earning release, just based on speculation.
In addition to that, most stocks trade at around 30-40 PE before they face correction. Based on that, we are looking at around $1.5-$2.0
Call me mad, but that what my experience tells me.
Going private, was more likely Palinghurst strategy to get a free mine, but it looks like it has failed. Thanks to the director that bought 20m shares just before going private. I had a huge confidence in him.
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Last
24.5¢ |
Change
-0.020(7.55%) |
Mkt cap ! $480.2M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 24.0¢ | $5.028M | 20.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 457100 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 165573 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 457100 | 0.240 |
8 | 1456068 | 0.235 |
11 | 1478558 | 0.230 |
3 | 273500 | 0.225 |
3 | 2253000 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 110573 | 2 |
0.250 | 223552 | 5 |
0.255 | 360552 | 2 |
0.260 | 54140 | 2 |
0.265 | 198293 | 11 |
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