Maybe the calculation was a bit to quick as it ignored the debt...

Maybe the calculation was a bit to quick as it ignored the debt position and the still unknown treatment of the derivative liability.

210 is the market cap and net debt of 41m in June will turn into net cash of 74m, should the divestment proceeds remain at 115m.

This means the enterprise value after transaction is 136, which is roughly 14x the remaining mobile EBITDA of about 10m. This is quite high by all standards. Note on these EBITDA levels, Amaysim is hardly profitable bottom line.

Also the company turned a derivative asset into a derivative liability with a huge swing of nearly 30m, due to all negative events in the electricity market and I thought I read that the divestment is on a cash/debt neutral basis. Does this mean this big liability will remain on the Amaysim book?