well I think most people know how "independent" and "expert" these reports are but what are these guys smoking.......
The first report they chose a low earning multiple to try to get the valuation range down around the bid - reason for the low multiple was that RHD(or the expert) was not expecting a large profit uplift coming out of the GFC.
Now that RHD has put out a bumper first quarter trading update they have produced another "expert" report - this time they have chosen not to use the current EBITDA run rate(well I suppose the valuation would just come out too high and that would make them look silly) so they have reduced it a bit because the trading update is unaudited and short term.
This is starting to get painful - please Hungry Jack, save us from this stupidity.
- Forums
- ASX - By Stock
- Ann: Supplementary Independent Experts Report
well I think most people know how "independent" and "expert"...
-
- There are more pages in this discussion • 1 more message 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 RHD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online