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wah good video intel , actually i trusted the first video you post, thats why i went in RM600k(zero margin lending) dy at 0.305c and 0.285c. i also did some work kayy ..
Im holding untill 1x, =) not many people understand IC12 in accounting's world when it comes to BOT(build operate transfer) projects. We have a ACCA huge group discussion on this company in the last 4 - 6 week. As long as i saw the asset exist, i dont mind even it declares bankrupt and we will go under receivership. The 250MW (with 25 concession) is def more than the value of the debts + that days market cap of RM180Mil at 0.285c. (disclaimer: im a junior partner at a mid size acc firm) =)
hmmm.. i think this is quite subjective.. but my take is this, once the dust settled.. and Putin invaded the whole Europe by 2025.. this stock should have earnings tied to concession. 2 methods, either
discounted cash flow on 250MW on 15% IRR, and discount rate of 4.5%, we can get around RM1.6Bil valuation which is Rm2.72. (best you put a discount to this)
if you choose price to earnings ratio, (which i think most people will use, even if it is concession assets). the fair net profit coming from PURE , renewable energy and wte concession earnings are around RM110mil per year. so lets say this is clean energy, unlike coal or gas fired plant. i would say 12x PE would be my best bet. 110 x 12 = RM1.32Bil market cap, which equates to RM2.24. (please put a discount as your liking on the levels).
