SFX 0.85% 29.5¢ sheffield resources limited

Bottom line summary of why I say it's flawed, from a return to...

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  1. 204 Posts.
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    Bottom line summary of why I say it's flawed, from a return to shareholders perspective, you should work your numbers out on EBITDA and not NPAT (especially a crude estimate that ignores debt repayment).

    if you redo your analysis using EBITDA you will find that the investment actually looks very attractive.
 
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