Australia's largest stock trading and investment forum Australia's #1 stock forum

BRS

Click for more information

0.00%

$1.49 broadspectrum limited

Ann: Broadspectrum recommends shareholders take no action, page-9

First 9 Last

Share
Profile

Follow
g12m0

3,985 Posts.

373

08/12/15

09:26

Post #: 16566213
Share

Originally posted by 68huey ↑

Ok, the last EBITA was $242M, therfore based on number of shares currently out there is roughly 512,457,716 shares.

Current offer of $1.35 per share equates to 2.85875 times EBITA (Last one)

242M EBITA

1.35 x 512,457,716 = $691817916.6 / 242000000 = 2.85875 times EBITA

If going by 6 times EBITA, then that would equate to roughtly $2.83 a share

Now looking at the last full year results, if i interpret it correctly they have roughly $810M in cash and assets, therefore looking at it if $1.35 got through for a takeover wouldnt Ferrovial effectively be buying TSE/BRS with the companies on money and asset value, this is not counting the brand name and goodwill the organisation should be worth over its asset\cash value....

Or have i interpreted this all incorrectly????

Expand

6 times ebitda based on Enterprise Value. You have to add debt in your calculations

BRS Price at posting: $1.26 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

FFM

Firefly positioned for copper growth in Canada ahead of resource update

There are more pages in this discussion • 9 more messages in this thread...

First 9 Last

Add BRS (ASX) to my watchlist