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EM1 1.1¢

oppies cheap ?

  1. captain_salty

    7,611 Posts.

    Based on my quick analysis of GIPO I believe they should be trading closer to 6c than the current 4c.

    Exercise Date 31/12/2007
    Exercise Price 9c
    Current Price 4c

    Based on FPO price of 9c , with 3.25 years to run , they look undervalued to me.

    This could be explained by sales from placement of stock in July at 5c FPO plus free oppies. Punters who got in on the placement may be selling the 'free' oppies they got and holding FPO's.This selling may well dry up soon and the oppies may then quickly re-rate imho.

    Other views welcome.

    SALTY



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