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Bloomberg reported Paladin Energy (TSX:PDN,ASX:PDN) is tempting acquirers with stock prices that are far lower than the value of its net assets.
Bloomberg reported Paladin Energy (TSX:PDN,ASX:PDN) is tempting acquirers with stock prices that are far lower than the value of its net assets.
As quoted in the market news:
Paladin, which lost almost 80 percent of its value after Japan suffered the worst atomic crisis in a quarter century, is now trading at a 22 percent discount to book value, according to data compiled by Bloomberg. While uranium prices have tumbled 26 percent since the meltdowns at the Fukushima Dai-Ichi plant in March 2011, the Perth-based company is projected this fiscal year to post its first profit since beginning production of the nuclear fuel, analysts’ estimates compiled by Bloomberg show.