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Looking at the SP this morning, it seems they got that decimal place in the wrong place !
Come on HUR !!!
DC/LAM,
Many thanks.
Could not find it on HUR's website or even Hannan's
I'm obviously getting slow in my dotage.
Thanks Amaja, will have a look for it.
There is an updated version available dated September 2019!
Just found this very detailed report albeit nearly a year old from Hannam& Partners , 28th November 2018, think it was mentioned here recently.
Very detailed imo, best I've seen and provides a useful roadmap together with all the usual caveats of course.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=8&ved=2ahUKEwichLCctpzlAhVIQUEAHVKODSsQFjAHegQIBRAC&url=https%3A%2F%2Fwww.hannam.partners%2Fumbraco%2Fsurface%2FMediaDownload%2FDownload%3Ffile%3D2019&usg=AOvVaw3jrxYZpsfmZjLNQGn_XuHg
I know Extrader, was just playing. It doesn't really add much to our understanding though, think those with as much skin in the game as many posters here are better qualified to make shot in the dark about the SP than MS.
Hi johnpwh,
I don't see it that way : firstly, they've given a 'downside' price that -if good - quantifies the risk in that direction (something I try to keep in mind as an investor); secondly, they've put a number on the upside PROVIDING various things happen : that gives us a roadmap / checklist and timeframe for us to compare plan with 'actual'.
Apart from anything else, the second is useful in managing expectations and addressing the 'are we there yet' mindset that we all (well, I certainly ! and 'er indoors definitely) occasionally succumb to.....
ATB
A quick read gives a range of 17p to 347p. How informative, where would we be without the likes of Morgan Stanley....we'd be hopelessly in the dark
'Morgan Stanley estimated a net asset value for the shares of 347p'
https://www.sharecast.com/news/broker-recommendations/morgan-stanley-reiterates-buy-for-shares-of-hurricane-energy--3932926.html
LW,
Very much looking forward to Richard Bernstein's breakdown for how CA arrive at a SP of 347 p for 2021.
Salt anyone?
One poster suggested a share price of 20p, implying a P.E. ratio of 1 in 2021.
Sounds about right.
'A very positive meeting with management of Hurricane Energy. We continue to believe that in 2021, Hurricane should be generating £300 million a year as against current value of £800 million. Our price target is 347p.'
Richard Bernstein
That's about 15p per share per year, which implies a price earnings ratio of less then 3.
Not low enough for AIM.
Thread starts : Fri 12:24
Anyone else seen the post from Richard B at Crystal Amber?