RE: Corporate Presentation March 201824 May 2018 11:03
I have to say that information on SNG is limited primarily to Company announcements.. e.g Updates, and Interviews with people like Richard Marsden CEO... Broker Reports are also limited (see below for what I believe is an extract from house Broker FinnCap.. I have spoken with Richard Marsden a number of times.. Very much on the ball, open (as best he can) and determined that SNG delivers very signifcant returns to SNG shareholders...
Broker finnCap reckons the stock is worth 35p based on a discounted cash flow (DCF) valuation that that puts 17p and 18p a share price tags on, respectively, SNG001 and LOXL2.
�The slightly higher-than-expected year-end cash of �6.8m provides an ample cash runway through 2019,� added analyst Mark Brewer.
His risk-adjust DCF valuation will rise to �41mln, or 45p a share following the successful completion of a pilot safety study of SNG001.