Seriously you need to read announcement carefully and decipher the magic it not this business but future business you invest in
Like I said this announcement has so many EBITDA figure my head got dizzy by just looking at it, let me break down the 30% ROI for you
You forgot to mentioned the EBITDA word in front
Say EBITDA 30% ROI how comes they didn't
Mentioned how much
T - tax is taken out
I - Interest is taken out
D - depreciation is taken out
A - Amortisation is taken out
so they can come to a profit figure which is NPAT like all good business do?
And if you really good you also show people your cash flow - which doesn't exist
Is it because when you take all that number out it may be a very low profit number or even arrive at a loss so they omit it?
And that how and why EBITDA is a bullshit number - never trust it, mark my world in any business that you invest when they throw these figures that cause you dizziness the business isn't that pretty.
Here is another company that has EBITDA number that makes you dizzy
which doesn't exist
