TER 2.38% 20.5¢ terracom limited

Ann: UNV: Response to Terracom's Ann.of an Unsolicited Bid, page-12

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  1. MJP
    260 Posts.
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    Could be,
    except IF Dec qtr report reads correctly with a Group EBITDA of ~$15m for the 6 months. I mean come on that is probably not going to cover the interest and legitimate depreciation expenses. Which means TER is overvalued.

    On the other hand if it only relates to the Dec qtr and EBITDA for the six months is $29m then I think TER is better shape given the debt. Not good, but not a basket case. Wait for the 6 month report for a better feel. (As long as its audited pls.)
 
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