PEA pepper residential securities trust no. 30

I agree something does not add up, if the Contract 2019 EBITDA...

  1. 447 Posts.
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    I agree something does not add up, if the Contract 2019 EBITDA contribution is still around the $15m forecast at acquisition it implies the Pacific + Nova EBITDA is forecasted to be $40m, or $5m less than FY2018.

    More likely the Contract Power 2019 EBITDA contribution was overestimated as the last 3 months of FY2018 the EBITDA attributed to Contract was $1.725m, or only $6.9m on an annualised basis. Either way the management will need to find some more synergies to make the Contract Power acquisition EPS accretive as they claimed it would be.
 
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