ANNOUNCEMENT of ACQUISITION notice comments
Profit: $1.1m ongoing?
Announcement says "...revenue of at least $3.5m and approx $1.1m NPAT in each of the past 3 years..."
However it ALSO says that the $9m cash multiple is "... 9.6x FY21 normalised NPAT". THAT calculation is $0.9375m NPAT
ALSO corroborated in the description of impact on LBL FY21 on pro forma
"normalised" FY21 QSP would have added to LBL FY21 NPAT $0.9m, EBITDA $1.6m, and revenue $3.8m
I'm not quite sure what that normalisation has included for QSP, but that $0.9m works out about 0.81c per share. 2021 NPAT was 2.95 cps.
MD/CEO staying on?
not sure if founding MD counts as "employee", but: "Laserbond expects all existing QSP employees will accept the offer of employment with Laserbond"
Question on whether CAPEX last few years has affected historical NPAT: Don't forget the instant asset write-off and
Not an accountant, but instant asset write off and temporary full-expensing of assets would have affected this?
Corporate governance and disclosure...see next post
(20min delay)