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clock Created with Sketch. 14/08/20
01:33
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Originally posted by peterdoobes:
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I bought this morning on that news but cut 1/4 of them late arvo given the strong run. Fairly complex deal but at 1.55 I estimated it was on a pro forma cash flow multiple of around 7x. Then in 5 years they buy out the remaining earnings at 4.5x so a bit more accretion although by that point NGI will have to pay cash tax on the core business.
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Good info... Prob too far gone for me to chase but good chance this goes above $2.50
(20min delay)