Sure has some debt, but remember divvy only suspended and given this it's debt to equity is forecast to fall from 100 to 50 in FY19. It had $610m in revenues last year and +$700m forecast this year with their expansions into power. Optus payments now gone and cash generation is rising.
MQG has them targeted at $1.85 - can't see that myself, but would rather have a capital light business like this trading at 10% of revenues than buy stuff like Marley Spoon where you're paying $1b for a business started 4 years ago, and priced at 1.1 X sales revenue. This is 0.1 X.
This will be bid for and this tax loss selling is a great time to get set - of course IMHO
AYS Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
