ITQ intecq limited
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I wouldn't rule out another bid. Bid implies an EV/ FY16 EBITDA...

  1. peterdoobes
    2,506 Posts.
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    03/08/16
    15:30
    Post #: 18436103
    I wouldn't rule out another bid. Bid implies an EV/ FY16 EBITDA of 9.6x but Tabcorp are claiming ITQ will deliver them $20m EBITDA after synergies, reducing the multiple paid to 5.75x. Not every bidder could extract that amount of synergies but I think it shows Tabcorp could pay more if a rival bid emerged

    Unfortunately my holding is not as large as it once was
    ITQ Price at posting: $7.04 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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