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7.27% 5.9¢ comms group ltd

CCG AX - Strategic review announced today

  1. Icahn
    37 Posts.
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    21/06/23
    20:32
    Post #: 68406900
    Big news - Comms Group announced a strategic review today. They are guiding to $7m of EBITDA for FY24e. Assuming a 8x sale multiple (in line with recent peer transactions), that equates to a $56m enterprise value. Deduct $8m of debt outstanding and that is a market cap of $48m, or a share price of 13c vs. 7.2c today (81% upside). What am I missing??

    https://www.arnnet.com.au/article/707737/comms-groups-kicks-off-strategic-review/
    CCG Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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