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$1.07 bsa limited

More trading volume on BSAO than BSA for the last 6...

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lloydray

1,583 Posts.

67

13/06/24

19:51

Post #: 74304875
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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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More trading volume on BSAO than BSA for the last 6 months...

BSAO on millions.. BSA on thousands.... opportunities in BSAO maybe life changing than in BSA..... with less exposure.... my guesses...
dyor

Last edited by lloydray: 13/06/24

BSA Price at posting: 68.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last $1.07		Change 0.020(1.90%)		Mkt cap ! $77.26M

Open	High	Low	Value	Volume
$1.06	$1.07	$1.06	$139.5K	130.5K

Buyers (Bids)

No.	Vol.	Price($)
1	3000	$1.00

Sellers (Offers)

Price($)	Vol.	No.
$1.07	15000	1

View Market Depth

No.	Vol.	Price($)
1	3000	1.000
2	3001	0.980
1	2577	0.970
1	15000	0.955
1	10701	0.950

Price($)	Vol.	No.
1.070	15000	1
1.085	1	1
1.090	7122	1
1.100	6980	2
1.115	12500	1

Last trade - 13.16pm 15/08/2024 (20 minute delay)

BSA (ASX) Chart

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