Ummm ... they have say 150 million shares on issue so say 33 cents on that basis.
Although larger competitors are on lower EBITDA sp 6 times would be around 29 cents.
For a stock this size discounts are not uncommon. Partly depends on how highly the market will rate any growth potential. From the base EBITDA there is 20%+ uplift from savings over 18 to 24 months before any organic growth. I say 24 months as they have stated the savings will be achieved over 18 months. Hence at least some of them won't impact finanicials for 2 years.
Needless, 2012 will be a goog growth year.
finallly..., page-2
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$1.14 |
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Mkt cap ! $1.471B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 41 | 169595 | $1.14 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 212096 | 38 |
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