Desk Note - Kidman Resources (KDR) - Trading at a significant discount to peers - "real" Lithium development exposure.
Lithium demand, and the forecast increase coming our way, has us looking for value across battery related companies. Generally it is hard to find. The boom in demand has been matched by a boom in exploration names listing on the ASX. A lot will fizz out, and there will only be a limited number of long term winners. Relative value, and value compared to peers, has compelled us to look closer at Kidman Resources (KDR.ASX). It is standing out, trading at a significant discount to peers, in part because a neighboring listed explorer (Marindi Metals MZN.ASX) has claimed that KDR agreed to sell its lithium assets in early 2016 for A$275,000 in cash and shares. The resulting court case has contributed to the uncertainty being priced in presently. If the court case proves fruitless, then KDR may resume trading where it left off, when the dispute was announced. The court hearing is set down for 29 May. (VIEW LINK)
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Tom is a Founder and Head of Wealth Management. For the past 10 years, he has been running the Wentworth Model Portfolios, focusing on macroeconomics and tactical equity positioning. These portfolios were initially created as a solution for "core wealth management" for Wentworth's HNW clients, and are now openly available online through the website. Everything starts with the macro, and then we work back from there in terms of asset allocation and positioning for risk. We work with leading independent research providers and have a structured approach that has worked very well over time. Outside of the core portfolios, we look for opportunities in the small to mid-cap sectors of the market, where our experience can add value.
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Tom is a Founder and Head of Wealth Management. For the past 10 years, he has been running the Wentworth Model Portfolios, focusing on macroeconomics and tactical equity positioning. These portfolios were initially created as a solution for "core...
Expertise
Tom is a Founder and Head of Wealth Management. For the past 10 years, he has been running the Wentworth Model Portfolios, focusing on macroeconomics and tactical equity positioning. These portfolios were initially created as a solution for "core...
Expertise
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