I noticed that also. If Contract Power really was acquired on an EV/EBITDA multiple of 13, they may as well have returned capital and let us buy Wesfarmers or Ramsay Healthcare.
However the presentation says Contract Power is "performing as expected" with "no integration issues" - so it's more likely that their June quarter earnings were depressed by short term acquisition costs not recorded as extraordinary.
I noticed that also. If Contract Power really was acquired on an...
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