To be fair, they never actually said it was 10x EBITDA. That's the speculation from the linked article.
Nevertheless, $220m (+$100m in debt) for $40m of EBITDA seems rather expensive... Not to mention the outdoor ad and radio assets likely have meaningful capital expenditure... So EBIT is more like $25-30m
I could find many of companies on market far cheaper that they can buy. Synergies or not, they'd still be ahead.
Ann: Sky addresses media speculation, page-25
Add SKT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.34 |
Change
0.025(1.08%) |
Mkt cap ! $322.1M | |||
| Open | High | Low | Value | Volume |
| $2.31 | $2.45 | $2.31 | $15.26K | 6.365K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3826 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.50 | 417 | 1 |
View Market Depth
| Last trade - 15.57pm 04/07/2024 (20 minute delay) ? |
| SKT (ASX) Chart |