So you would fund the PB growth how??
Debt is not dilutionary, it's a means to an end, especially when you have the FCF to service it, the simple maths is this:
EBITDA of say US$150 m in 2020 at a multiple of 6.5 = Mkt Cap of US975m divided by shares on issue
2.45b = share price US$.41 cents or A$.53..... Doesn't look too dilutionary to me...all theory of course but the bits of the jigsaw are there to be put in place.
The copper price is only predicted to flatten this year then slowly rise over the following three years, I can show you 4o different copper forecasts Inc 40 different views on surplus or deficit, from 40 of the top Copper analysts globally, so only the future will tell us what Copper will do!!
- Forums
- ASX - By Stock
- AVB
- New Research note....quality!!
New Research note....quality!!, page-40
-
- There are more pages in this discussion • 72 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)