Quote Originally Posted by winner69 View Post
Need Forbar to pump it up again methinks

What do you think the share price should be anyway Sylvester
I have a target value of around $1.65. Based on long-term discounted earnings cashflows, with some allowance for high investment costs of the recent past (ie, free cash flow over the last 2 years has been negative thanks to all their investing). Not a horrible story though, as their investment has basically been about growth...so when you strip out the growth investment and focus on "base capex" only, I actually come up with a higher number than $1.65, I'm simply then applying a "risk factor" to allow for some variance between what I think is growth capex vs what actually IS growth capex.

Will be VERY interested in the result.