Would be a great outcome if Enero was able to buy the remaining 49 % in OB Media, using their existing cash and their new line of credit.
At this stage, it looks tough given that it would represents a price of only 4.6 x EBITDA 22 according to my estimate.
In that case, I suspect that Enero would have a significant re-rating, as a very large part of their profit would come from OB Media.
They would have no problem to rapidly pay back their debt, given their high level of free cash flow and the option to sell most of the businesses excluding OB Media.
Probably the best case scenario for Enero shareholders.
Anyway, that's pure speculation from me.
I am just surprised that they do not highlight more what's happening with OB media, which seems to have a rather unique profile.
Ann: FiftyFive5 acquires TLE and TDE from Enero portfolio, page-9
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Last
$1.67 |
Change
0.000(0.00%) |
Mkt cap ! $151.5M | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.69 | $1.67 | $26.02K | 15.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 92405 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 9375 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$1.68 |
Change
0.000 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $1.66 | $1.69 | $1.66 | 782 | ||
| Last updated 13.25pm 15/05/2024 ? | |||||
| EGG (ASX) Chart |