Where are we now and are we expensive atm? given Bingo has revised their guidance since the HY report, we can expect that full year EBITDA would be appx 90m, broadly in line with 2018; DADI expected to achieve $60m in EBITDA (given acquisition completed in Mar, full year report might not be integrate full year performance), group`s underlying EBITDA (pro forma) could achieve more than $150m, EV/EBITDA less than 10x. Plenty of upsides can be expected in FY20, one of them we can find in the presentation is that patons lane will deliver appx $20m, from 1st of July. the company still looking very cheap but excellent.
BIN Price at posting:
$2.29 Sentiment: Buy Disclosure: Held
