FAR 1.23% 40.0¢ far limited

Valuation Problem

  1. 496 Posts.
    lightbulb Created with Sketch. 15
    Hello All,

    Why have we not gotten the sort of valuation everyone was expecting:

    1. No one really believes yet how big this is. For me this is currently a big failing of FAR management.

    Investors we have just opened up a whole new oil region.

    Emphasis on our find is it is oil here unlike Mozambique / Tanzania = gas. Keep in Mind PetroChina paid in 4.2 billion to ENI for a 20% stake in a gas field.... like seriously....

    - http://www.bloomberg.com/news/2013-...-eni-s-mozambique-assets-for-4-2-billion.html

    Solution: The problem is management has not sold how amazing this is to large international investors compared to Australian investors which really are to be frank quite small.

    Are we marketing this hard to groups like this that will take a strategic interest.

    The reality is FAR's shareholding base is not very concentrated and a TO would be difficult in the best of circumstances. The more logical play is to sell our interest for 800+million and pay a dividend. It is a simple transaction and all shareholders benefit.

    We all get our 32 cent dividend and keep upside in Kenya / other blocks that we hold interests in.

    Anyhow that is my thoughts on the best and simplest strategy for investors. Our managements skills are in finding fields and they have done a fantastic job. What they need to do a better job of is making everyone else believe what we shareholders believe.

    I honestly do not understand how this stock is trading sub 21 cents right now....

    Good luck all,
    Super Ninja
 
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Last
40.0¢
Change
-0.005(1.23%)
Mkt cap ! $36.96M
Open High Low Value Volume
40.0¢ 40.5¢ 40.0¢ $464.8K 1.155M

Buyers (Bids)

No. Vol. Price($)
3 119733 40.0¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 30000 1
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
40.0¢
  Change
-0.005 ( 1.23 %)
Open High Low Volume
40.0¢ 40.5¢ 40.0¢ 68198
Last updated 14.47pm 28/03/2024 ?
FAR (ASX) Chart
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