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

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lloydray

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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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Last 7.0¢		Change 0.001(1.45%)		Mkt cap ! $5.271M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$811	11.57K

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No.	Vol.	Price($)
1	231729	6.9¢

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Price($)	Vol.	No.
7.5¢	21187	1

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No.	Vol.	Price($)
1	231729	0.069
1	15384	0.065
2	108736	0.062
2	194285	0.061
1	8600	0.060

Price($)	Vol.	No.
0.075	21187	1
0.077	12974	1
0.078	70000	1
0.080	25641	1
0.083	72406	1

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

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

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