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
64.5¢ |
Change
0.065(11.2%) |
Mkt cap ! $349.0M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 65.0¢ | 58.0¢ | $3.696M | 5.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 109360 | 4 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
64.5¢ |
Change
0.065 ( 12.4 %) |
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| Open | High | Low | Volume | ||
| 59.0¢ | 65.5¢ | 58.5¢ | 3782284 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| DXB (ASX) Chart |