Does anyone know what the annualised EBITDA rate is at with the new Bio Energy projects and solar projects?
Chairman said they are targeting EBITDA of $2M by 30 June 2018. Are they close?
Based on this EV at 30 March is $8.5M
assuming forecast cashflow for 30th June is correct then EV is at $6.5M
If they achieve $2M EBITDA run rate - RNE is trading on EV/EBITDA of 3.3x.
With all the tax losses they have, its mainly amortisation and depreciation that hits the bottomline.
Key is hitting they $2M annualised run rate conservatively I think. Can anyone help shed some light (pun intended)
RNE Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
