On face value it seems like management are trying to boost the share price in timing for a capital raising. Otherwise I can't see the need for a preliminary guidance for what appears like earnings from businesses they don't yet own.
Does anyone know where the money is coming from? As capital a raising would dilute massively basically doubling the market cap and poses risks if they don't get adequate subscriptions. This would essentially dilute out the current value (3 - 5 x EBTIDA) - that's provided management even delivers on what they say.
I'm happy to sit on the side lines for the time been. Plenty of other businesses trading on real EBITDA's of 3 -5 X.
Needless to say i'm interested but very skeptical, if anyone can shed some light it would be much appreciated.
IVO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held