They announced a $500m turnover target with no corresponding strategy ready to take to investors? And you don't think that was dreamed up in an airport bathroom somewhere but was instead some sage, well developed galaxy-brain move but they're keeping the details secret until June because...... why exactly?
Which part was rabid? $260-300m is a very generous straight line projection on their existing turnover chart. Subtracting that figure from $500m is simple math, and 4x EBITDA is far better than their historical acquisition multiples, as is 50% debt and 50% scrip with such a weak share price.
Is the rabid part that we actually try and interpret what management is saying when they say things? Is that the crazy part?
They announced a $500m turnover target with no corresponding...
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