If GDA doesn't print excellent EBITDA growth in FY23 they never will. As I see it they have the following three tailwinds to help them:
1. Hospitality venues will no longer be impaired by COVID.
2. Contribution from Stomping Ground
3. Contribution from Molson Coors
I think an exceptional management team would back themselves to double EBITDA given the above factors. I don't rate GDA management as exceptional but hopefully they are good enough to capture most of the value that should be earned.
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- Ann: Appendix 4E and Annual Report FY22
Ann: Appendix 4E and Annual Report FY22, page-7
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