More details regarding QScan : - earnings of around 70 m a year (source : AFR), without saying what earnings they are talking about (NPAT ? EBITDA ?), even if it is EBITDA, it does not seem expensive (700 m price suggested by AFR) for a stable business, - funding : Infratil does not require more funding, unlike what was suggested in AFR article, - strong presence in Queensland and northern NSW, which suggest room for more acquisition.
IFT Price at posting:
$5.13 Sentiment: Buy Disclosure: Held
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