Report
EUR 1140.00
For Business Accounts Only
*Whitman Howard acts as broker to Reabold Resources
Reabold Resources* (RBD LN, BUY, T/P 2.7p) - Initiation | Dealmaker
We initiate coverage of Reabold Resources with a BUY recommendation and PT of 2.7pps, upside of 284% from the current share price. In our opinion, Reabold offers investors unique access to low risk high return oil & gas projects which have fallen under the industry’s radar. By investing small amounts of capital, Reabold aims to tip these projects into commerciality. We define a RENAV of 2.7pps for Reabold, which could increase materially to 9.4pps in the event it fully derisks all its investments.*Whitman Howard acts as broker to Reabold Resources
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Whitman Howard
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
Jessica Saadat
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