The “dream deal” of a huge takeover premium may have gone, in the short term, but this is a tremendous deal for SFH when you consider the cold, hard numbers. $31m cash for $6.2m of EBITDA losses, plus selling at the optimal point of the working capital cycle.
City Chic must be some business to have grown strongly through the retail downturn, especially with a cash strapped parent. Pro forma EBITDA to June 2018 of $20m.
Even if you 0nly put it on a multiple of just 5x EBITDA you get a share price of 55c.
- Forums
- ASX - By Stock
- Ann: Specialty Fashion Group Concludes Structural Review
The “dream deal” of a huge takeover premium may have gone, in...
-
- There are more pages in this discussion • 24 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 SFH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online