Andalas Energy And Power Share Discussion Threads

[stephen2010] 15/12/2017 11:03

As I posted yesterday evening. Check out ALBA. Huge multibag potential.

ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following:

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in Alba’s share price is undeniable.

VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note
uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The
Horse Hill licences are valued using independent published technical data from
Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own
assumptions on recovery rates, oil discovery value, resource and development risks
factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived
for Horse Hill.

Given the similar geology and economic potential of both TBS and Dundas, we have
adopted a risked closeology valuation approach, by computing an NPV for Dundas of
$223m and then applying a three-tiered risked probability calculation to arrive at a value
of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS
and Bluejay its Feasibility Study results, this number is likely to be revised upwards very
rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder
value.

We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which
4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth
of valuation catalysts anticipated across the project portfolio in the coming months, we
recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential
15 times plus uplift from the current share price.

[ronjoe77] 15/12/2017 10:59

Oh yer bear hard lang hard

[ronjoe77] 15/12/2017 10:57

Hope so. Do the Germans play golf?

[therealtonythetiger] 15/12/2017 09:59

Ron.. The Indonesian Open Golf championship is currently underway, thats where you will find Whitby and the gang.. Doing deals at the 19th..

[therealtonythetiger] 14/12/2017 21:26

Ron gets it.. :-)

[ronjoe77] 14/12/2017 19:12

Would rather play with a big fat lion

[ronjoe77] 14/12/2017 19:07

..0390 pump pump Pump Pump back up to. 0500...Deflate back to 0390...pump,pump,Pump Pump back upTill we get word :?]

[therealtonythetiger] 13/12/2017 13:19

On the +ve side at least we are getting some news flow.. But until we actually start making money then we will always be in the hands of MMs etc etc..

[therealtonythetiger] 13/12/2017 11:56

RNS

Price taken down to the placing price so Volantis load up..lol..
It will be pumped from here..

[patch13] 13/12/2017 10:22

Well Tony - looks like volantis have added rather than sold

[jammytass] 12/12/2017 18:27

interesting news on way

[therealtonythetiger] 12/12/2017 11:24

WRES is a miner in Spain.. Come back in 3 years..

[davidpines] 12/12/2017 11:06

Suggest you all look at WRES and read today's rns

[patch13] 11/12/2017 14:26

Do in that case Tony we should see a tr1 ??

[therealtonythetiger] 11/12/2017 14:11

It was always gonna be pumped for Volantis to sell down.. You just needed to take advantage of it..

[domple] 11/12/2017 13:50

can say that again patch. horrible. so .075 at the end then!?

[patch13] 11/12/2017 13:31

Nog looking like it today domple

[domple] 11/12/2017 10:45

can see this jumping to .055 later....