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tdci

309 Posts.

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11/02/21

13:12

Post #: 50896474
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Originally posted by volcanochemical: ↑

stevesage, you have made quality and respectful contributions in the past here. what do you think the TLS stores are worth?

From their annual reports I see they paid on average $1.5m each for the last 10 stores bought during FY19 and FY20.

extrapolate that for 104 stores you get around 150m. do you then take a 20% discount and call it a 120m deal? (i know not all stores are equal, but at lease it would be good to get a rough feel so would appreciate your opinion or any other contributors with an opinion)

Looks like they have spent ~24m on the footprint of SHAW clinics which should become accretive this half so that will be interesting to see how quickly it can then be scaled further.

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Does Telstra have to pay anything for the stores? would of thought it's just a key handover in 2025 or am I missing something?

VTG Price at posting: 81.5¢ Sentiment: Buy Disclosure: Held
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