One thing is for sure, if KKR are seriously planning a takeover offer, they will be very thankful that Glaucus has targeted QIN.
Valuebuddy 89 is spot on with his valuation, in my opinion. I would even add additional value for the business of managing the forests for the other owners of the plantations, which KKR would continue managing. This aspect of QIN's business is a cracker: no possible competitors, locked in customers, growing forests etc. Management fees have increased by 60% in 2 years to June 2016 and continue to grow rapidly as forests expand and fee rises are implemented. What value would one put on such a business, which is already earning $28.8M revenue in FY16, and predicted $35M in FY17?
I am with JID here, and would be very disappointed with $1.70 in any takeover. All of those who contributed equity to develop this business are being short changed now that the business is within five years of maturity.
- Forums
- ASX - By Stock
- QIN
- KKR PREPARES BID
KKR PREPARES BID, page-8
-
- There are more pages in this discussion • 127 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QIN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online