HZN 5.71% 18.5¢ horizon oil limited

update bell potter valuation

  1. 530 Posts.
    Received update from BP analyst Johann Hedstrom a couple of days ago following news of Stanley PNG developmentc as follows:-

    Project delay and upsize both good and bad .

    Good... because because increase of valuation to 62c

    Bad....Capex could increase $30m-$100m and if self funded balance sheet would be stretched. HZN suffering delay to Maari project is key problem to HZN trading at signif discount to val until Maari starts up as advised in Jan 09.

    Based on above, I beleve that analyst one of the beter ones INMO current sp a bargain. Please don t rely om my opinion and DYOR
 
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Last
18.5¢
Change
0.010(5.71%)
Mkt cap ! $300.2M
Open High Low Value Volume
17.5¢ 18.5¢ 17.5¢ $611.4K 3.346M

Buyers (Bids)

No. Vol. Price($)
4 90950 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 462009 8
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