Nothing like leaving out a decimal point! Should have been 1.2c...

Nothing like leaving out a decimal point! Should have been 1.2c but that wasn't taking into account the additional revenue. They have cash at hand plus this years earnings so can't see why they would need a cap raise unless for a massive new acquisition. Income stream will be year on year not a one off so they would potentially allocate 80% as a dividend. Simple maths would be say $20m allocated then around 3.6c divi. We however don't know what they will want to retain as working capital/investment or how much further revenue will be in the bank at that time based on further growth/acquisitions so it is all just speculative. If we have an EBITDA of around $23m to $25m what multiple would you apply? I find it difficult not to expect that this company would be over $100m MC? What's your thoughts?