THEPENNYGURU
I have have to support your sentiments.
Simple terms 2012 EBITDA will be around $20m at a sell multiple of say 5.5 that values the business at $110m at that stage they should have around $30m at least in cash on hand. If they get say $5m from Hoffmeister then the total enterprise value is $145m Less the A Class at $1.20 thats $33.6m that leaves the ordinaries with $111.4m or $3.30per share.
I think this horse has a long way to run yet!
Go Trojan, at least you have put some fire under the SP. I just would have thought there would have been more support for the A Class shares to move higher.
go cmi..., page-2
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Last
$3.21 |
Change
-0.090(2.73%) |
Mkt cap ! $93.07M | |||
| Open | High | Low | Value | Volume |
| $3.21 | $3.21 | $3.21 | $5.601K | 1.745K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6988 | $3.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 679 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ECL (ASX) Chart |