I see your point, however only low ball TO talk is on HC.
Why you would want to accept a TO now for $7-10 is crazy.
Neu is already forecasting $111m in revenue, likely to get upfront for ROW $100-$200m maybe this is more than likely our revenue stream this year prior to future revenue to stream in form ROW and US deals in FY2023.
a)$111m revenue forecast is EPS $0.86 x PE 15= $12.40 p/share
b)$300m revenue once confirmed if this much EPS $2.32 x PE 15= $34 p/share
This is the next 12 months ideally, manage meant already committed to a) waiting for b)
NEU Price at posting:
$3.63 Sentiment: None Disclosure: Held
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