Shares in Ramco are ‘seriously undervalued’
Shares in the Aberdeen-based exploration and production company, currently trading at close to £3.12, are regarded to be excellent value by Davy analyst Job Langbroek who believes the Seven Heads field on its own is worth more than the market value of the entire company.
“We estimate a current net asset value of £4.74 per share for Ramco. However, this includes a valuation for Seven Heads of 346p based on gross reserves of 304 BCF of gas, a figure that is almost certain to be revised upwards.
