ECL 0.00% $3.10 excelsior capital ltd

Ann: Earnings Results Update FY23, page-9

  1. 116 Posts.
    lightbulb Created with Sketch. 4
    Pretty simple to realise alot of value from here
    1. Sell Investment portoflio
    2. Payout surplus cash with franking - say 90c per share with 38.6c franking
    3. IPD trading at 16.5 times EBIT. Take a scrip deal for say 7 times EBIT. $15.2m x7 = $106.4m or $3.67 per share

    Result (ignoring the removal of various duplicate costs)
    1. IPD get a very accretive acquisition
    2. ECL shareholders get $4.96 value
    Last edited by byg2323: 26/07/23
 
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