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With the above numbers, no wonder BSAO is very attractive.......

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lloydray

1,565 Posts.

65

17/05/24

10:30

Post #: 73873006
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Originally posted by Sweens: ↑

Obviously the quickest way to $1.20 is through an acquisition which I do think is a decent possibility.

No particular acquirer in mind but even deals like IPG (IPD Group) acquiring CMI gives a pretty indicator of potential opportunities - admittedly there isn't 100% product overlap but very similar industry and service overlaps. CMI was acquired for ~$100M on an EBIDTA of $17m (exactly on a 6x multiple, although with a greater revenue growth rate than BSA has).

Not saying we would get the same multiple but for an estimated EBIDTA of $21m for the full year:
4x EBITDA = $82m (~$1.13/share)
5x EBITDA = $105m (~$1.44/share)
6x EBITDA = $126m (~$1.73/share)

Obviously there are additional considerations for the remaining liabilities and being able to finance them, so I think there is always going to be a discount down from 6x if someone was looking to acquire but all the fundamentals are there.

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With the above numbers, no wonder BSAO is very attractive.... .04 cents x 100000 BSAO = $4000, could be at least $29000 for $1.13 share price or takeover price..... let me think...
dyor

BSA Price at posting: 74.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 68.0¢		Change 0.000(0.00%)		Mkt cap ! $49.06M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	2500	68.5¢

Sellers (Offers)

Price($)	Vol.	No.
72.0¢	4750	1

View Market Depth

No.	Vol.	Price($)
1	2500	0.685
2	10377	0.680
1	30000	0.675
1	5000	0.660
1	842	0.605

Price($)	Vol.	No.
0.720	4750	1
0.740	30540	2
0.745	53618	3
0.750	27625	2
0.760	56250	1

Last trade - 16.12pm 06/06/2024 (20 minute delay)

BSA (ASX) Chart

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