good q. Based on their three most recent acquisitions, they'll be using cash + equity, with the cash component coming from the acquired business.
1. Competition Tyre & More Hallam
Purchase Price = $240,000 ($200k cash + $40k equity @0.25)
Revenue = $2m at EBITDA of $160k (using low range 8%)
NTA = $85k and no debt
Cash is payable over 12 months - so this should be paid out of the existing tyre store. FYI - Here's a link to this store - https://bit.ly/37wTDvg
2 & 3. Elite Tyre Group (ETG) & Super Tyre Mart (STM)
Purchase Price = $1.4m ($420k cash + $980k equity @60-day VWAP)
Revenue = $5.5m at EBITDA of $440k (using low range 8%)
NTA = $415k and no debt
Cash to be payable over 12 months.
So far it's a fairly conservative acquisition model. acquiring cash flow positive business with no debt at approx 3x ebitda, and using 12 months cash flow to cover the cash component. I do hope they keep this model and don't get tempted to take on debt.
- Forums
- ASX - By Stock
- RPM
- Ann: Results of Meeting
Ann: Results of Meeting, page-10
Featured News
Add RPM (ASX) to my watchlist
|
|||||
Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.66M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 26404 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.1¢ | 81365 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 26404 | 0.070 |
2 | 69085 | 0.069 |
2 | 246805 | 0.068 |
1 | 15000 | 0.066 |
1 | 50000 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 81365 | 2 |
0.072 | 200000 | 1 |
0.073 | 150000 | 1 |
0.074 | 30000 | 1 |
0.075 | 36614 | 1 |
Last trade - 16.12pm 15/08/2024 (20 minute delay) ? |
Featured News
RPM (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online