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54 Posts.
27
15/05/19
08:48
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$90m? please substantiate your claim.
Bin alone has an EBITDA of $92-$96m for this year. DADI's EBITDA is around $60m. Take an very conservative approach:
- $140m combined
- PE of 10. I think this is the PE the market factored in when Bin announced the revised earnings in Feb before the completion of DADI
- 5% dividend
- doesn't take into account the cost synergies of $15m to be realised over the 2y
- doesn't take into the price increase from July
So with these, MC is around $1.33b or $2 per share.
I'm not ramping here and just like to point out facts. Happy to be corrected.
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