Looks like a good acquisition. Assuming presentation numbers are within ball park then they look to have gotten it cheaply. Joining a couple of dots from original annoucement and presentation.
Revenue $12m Rooms 21k = $570 per room.
Growing room numbers from 26000 to 60000 over 3 years and increasing margin to 14%.
This suggests EBITDA by 2018 is $4.8m
That's about the purchase price. Should be trading on multiple times.
SFN Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
