Timber
The EBITDA figures are from the Merrill Lynch document I posted a link to a month or so ago plus I added on $9m as an increase to WA Gas, given by the regulator.
As for the 11.5 multiple - thats my dream.
W534220
I suspect they were the ones bidding BEPPA up to 42c to ensure the deal went through. They would know the risk was nil as they held all the details of where the deal would go.
Don`t know for sure though.
Disc; Beppa options
