ASV 16.0% 2.9¢ asset vision co ltd

Ann: Acquisition, page-4

  1. 112 Posts.
    I emailed the company and they confirmed it's not 10 times so looking like another great acquisition:

    "We will only pay a multiple of EBIT delivered for FY16, FY17 & FY18 so after FY18  - 5-6 times that year earnings is closer."

    Being a people business there's unlikely to be any debt so it's pretty much on EBT I'd presume
 
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