This is the 1st report from a major broker, and recommend BUY, this is significant!
the recent placement of 170mil shares are all free for trading now, plus the original about 130mil free shares(include Red rock and Gina etc. ) total 300mil, 6.7 mil accounts about 2.2% of total float shares it's not that much actually.
77c target price I believe is very conservative, it strategically 'aligns' with the 70c placement price.
DCF 86c now, or $1.07 in 3 yrs are the true, reasonable valuation, I expect around mid year Southcross will amend the target price to above $1
There will be a scope report for Mt Ida project in few weeks time, lets see the price break 80c??
southern cross research report on jms, page-3
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $333.2M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.5¢ | 16.5¢ | $290.5K | 1.722M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5879 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 272957 | 6 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| JMS (ASX) Chart |