Originally Posted by
Drone
NZO back of envelope:
Cash net of debt: $280m approx
PRC Stake: $171m at market price
Current market cap $633m
So the market really is valuing the cashflow from Tui and the Kupe asset at around $180m!!
Why is someone not taking over this company? Am I missing something here?
Tui perhaps making $650k NZD profit a day...
I for one would pay $180m for that, in fact I would probably pay $400m for NZOGs Tui stake. But no the market values the Tui AND Kupe stake at $180m, just crazy.
The current price assumes a collapse in oil and coking coal prices in my opinion, like down to $80 USD and $150/ton respectively.
If prices/exchange rates stay close to where they are then the lucky owners of NZO/Pike are in cream.
Cheers