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10.0% 0.9¢ aj lucas group limited

Lucas Up For Sale

  1. bohara14
    321 Posts.
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    12/11/17
    02:44
    Post #: 28708181
    This article says that AJL has bids to buy the E&C business. https://www.pipeliner.com.au/2017/11/10/lucas-up-for-sale/

    That division has been running at an underlying ebitda rate of around $7mn.  Public companies in that space get 7.5-8x multiples.  I don't know how much debt we'd attach to the deal, but hopefully we'd be able to extract $35-40mn cash in the transaction.
    AJL Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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