Thanks, you will be welcomed aboard the train soon.
As for the valuation of the coal business. Yes I would expect about 8x EV/EBITDA.
I would much prefer this be paid out as a demerger instead of a divestment.
Given they have already secured 500million in debt, and a projected EBITDA of 140million, 8x gives us a value of 1120 EV, of which 500 would be debt and 620 would be equity. Split among 1840M shares, we have around a value of 33.5c per share on the distribution!
azj chart, page-68
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Last
$3.42 |
Change
0.025(0.74%) |
Mkt cap ! $6.221B | |||
| Open | High | Low | Value | Volume |
| $3.39 | $3.42 | $3.37 | $5.014M | 1.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 108666 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.42 | 116917 | 41 |
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| Last trade - 11.20am 22/08/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |