In Taylor's DCF they assigned a 15% success rate to both trials which is very low. If you start to adjust this upwards to 25%, 50%, 75% etc you get a very different valuation! Assigning a 100% success rate would result in a portfolio total of around $500m! ($77m / 15% x 100%). Someone please check my figures.
Here's the relevant part of Taylor's report:
Taylor's Initiation, page-6
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Last
34.5¢ |
Change
-0.010(2.82%) |
Mkt cap ! $189.6M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 34.5¢ | $884.1K | 2.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 360160 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 470560 | 6 |
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| Last trade - 14.05pm 21/05/2024 (20 minute delay) ? |
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34.5¢ |
Change
-0.010 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 36.0¢ | 36.0¢ | 34.5¢ | 1417601 | ||
| Last updated 14.36pm 21/05/2024 ? | |||||
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