Whats Happened To Mpo Anybody No
Printable View
Whats Happened To Mpo Anybody No
Based on the numbers
being $4.91 p GJ
values MPO at $942m for their 192 2p reserves
v m/cap of $250m
I'd expect the whole CSG sector to re-rate by perhaps 50% in the next month as the reality of this deal sinks in.....
2nd offshore player to take a tilt at this sector in the last month.
MPO well positioned to run
SHG and MPO are the two picks for CSG
both way undervalued relative to peers
takeout now HIGHLY likely for either or both
Footsie agree with your take on SHG. Don't know as much about MPO but I do know Wilson HTM slapped a $1.80 plus price target on MPO a few months back when it was trading not far over 50c. I should have taken their advice!
From another site thought you guys might find this ineteresting. This company ticked all the boxes for me early last year.
From Credit Suisse as at 22 May
market cap divided by GJ
QGC 3.88
AOE 2.95
ESG 2.82
SGL 4.37
SHG 1.55
MPO 1.20
Molopo significatly undervalued on current reserves with reserve upgrades due any minute and many projects in infancy. It isn't rocket science. MPO has plenty of moving (up) to do. If it doubles, it is still only sitting at the lower end of this equation.
Cheers
Under dog
PUt it on the mortgage mate!