|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.1560 - 1.1560|
|52 Week Range||0.5050 - 1.2200|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47 percent premium for Kidman, which is developing the Mount Holland project in Western Australia through a joint venture with battery chemicals maker Sociedad Quimica y Minera de Chile S.A. (SQM). Prospects for lithium demand look strong over the next decade as governments worldwide set ambitious targets to increase electric vehicle sales.
Investors are always looking for growth in small-cap stocks like Kidman Resources Limited (ASX:KDR), with a market cap of AU$485.0m. However, an important fact which most ignore is: how financiallyRead More...