I think HCA was all milk! But if you look at what was sold, custom packs, I think they sold the skim milk and kept the milk. Custom packs are very low margin.
Look at it another way, even if sold 100% of the $2.5m of EBIT, they got a decent multiple of 5.8x.
If EBIT was equal then ITL got 9.9x EBIT for the custom packs.
More importantly they are now cashed up with a simplified business and can concentrate on the growth parts of the business.
- Forums
- ASX - By Stock
- Ann: Sale of Custom Pack Business for $14.4m
I think HCA was all milk! But if you look at what was sold,...
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ITD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online