Its a 40% holding for LBL not 48% is my understanding
$5.6M Ebitda * 40% = $2.24 M EBITDA
$2.24 * 4.5 EBITDA = 10.08 M to be funded by equity and cash .
THey had 10.2M in cash on the books at the end of December guess there is $10.8M by now .
they need 4.8M left for working capital so they can suck out $6M to pay the vendors .
that leaves around $5M in script needed IMHO .
Its a good outcome paying around 4.5 * EBITDA when most PLCs are probably 10* EBITDA .
Would have been nice to see some pretty pictures of the new business .
Ann: LaserBond's Strategic Expansion into WA, page-6
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Last
70.5¢ |
Change
0.005(0.71%) |
Mkt cap ! $82.31M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.0¢ | 70.0¢ | $4.235K | 6.028K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50081 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.5¢ | 4016 | 1 |
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| Last trade - 15.51pm 21/06/2024 (20 minute delay) ? |
| LBL (ASX) Chart |