@thunderhead1,
My thoughts on this deal are no different to the thoughts expressed by you and others.
I think it fails the pub test.
When you pay 26x EV/EBITDA, even if you then avail yourself of thin capitalisation rules to minimise your tax obligations, you are still factoring in significant growth in order to recoup your capital, plus a satisfactory premium for your troubles, over 24-years.
This feels to me a bit like a "trust-us" kind of acquisition.
Or one that works because of some deft, fleet-footed financial engineering.
A bit out-of-character for TCL management, I feel, compared to the other major acquisitions of assets and other companies, which it has undertaken in the past.
- Forums
- ASX - By Stock
- TCL
- Ann: Transurban Investor Presentation
Ann: Transurban Investor Presentation, page-6
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TCL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$13.34 |
Change
-0.115(0.86%) |
Mkt cap ! $41.40B |
Open | High | Low | Value | Volume |
$13.45 | $13.45 | $13.33 | $7.433M | 554.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 13011 | $13.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.34 | 13831 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 9245 | 13.320 |
13 | 7974 | 13.310 |
12 | 7066 | 13.300 |
7 | 9970 | 13.290 |
6 | 5925 | 13.280 |
Price($) | Vol. | No. |
---|---|---|
13.330 | 13673 | 15 |
13.340 | 14788 | 14 |
13.350 | 7897 | 12 |
13.360 | 6272 | 9 |
13.370 | 6277 | 6 |
Last trade - 11.00am 21/10/2024 (20 minute delay) ? |
Featured News
TCL (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online