RE: More news to come2 Sep 2021 12:36
Reiterate BUY rating, setting an 8.2p/share TP
In our view, Sound’s current share price represents an attractive entry point for investors as the Company gears up for Phase I of the transformational monetisation of its flagship Tendrara gas play which is now conditionally fully funded. The deal with Afriquia further consolidates the Company’s position as the leading gas developer in Morocco allowing Sound to generate enhanced returns, cashflow and value as it moves forward the phased development of the TE-5 Horst.