SXE 0.27% $1.85 southern cross electrical engineering ltd

Ann: Becoming a substantial holder, page-8

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  1. 4,660 Posts.
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    I would say takeover needs to be well above $1 mark based on last out look announced by company in particularly high lighted items:

    https://hotcopper.com.au/data/attachments/4056/4056276-65f2c2aec8c6477b850105c5631046a2.jpg

    why would someone gives out $51m cash for 3 times EBITDA of $30m? so basically it might be 10 times EBITDA as minimum to takeover this one.

    but it would be better if SXE takes over something like BSA .. either combination of cash & script or acquire 19.96% stake in that company to expand diversify revenue stream.. IMO.
 
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