Hi All
By now we have all been well and truly saturated with the news that since the deal between Strides and SUDA re SUD 001 the MC of Strides has increased by $80 - $90m. If it is worth that to Strides, who after all will do nothing more to pay for its development and then sell it, then surely it must have the same value to add to SUD stock that is currently languishing in the $15-$16 MC range that is to say a multiplier effect of 6 to 7 times.
Does that hat mean that we should be looking forward to SUD having a target range of 3.6 a 4.2 in the near future?
I am sure if SC continues to astonish us with another pre AGM announcement, then watch out because anything could happen.
i think that we all can and already have, reset our calibrations for what we are expecting SUD to pull off this quarter and next quarter.
I also think that the atmosphere at next week's AGM will be quite different to what had been anticipated by some only a short week ago. Do not let that stop those who still have tough questions to ask and be answered, but have the good grace to acknowledge and congratulate SC and his team for the turnaround they are achieving, but note there is still so much more to do.
Unfortunately not enough spare bikkies in the tin to hit Perth this year, but who knows, next year, maybe. I will keep the clubs polished in anticipation.
Looking forward to next week with great anticipation.
FORE!
kippax
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