This article says that AJL has bids to buy the E&C business. https://www.pipeliner.com.au/2017/11/10/lucas-up-for-sale/
That division has been running at an underlying ebitda rate of around $7mn. Public companies in that space get 7.5-8x multiples. I don't know how much debt we'd attach to the deal, but hopefully we'd be able to extract $35-40mn cash in the transaction.
Lucas Up For Sale
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Mkt cap ! $15.13M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $6.324K | 574.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 358009 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.2¢ | 749015 | 5 |
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| Last trade - 15.59pm 31/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.1¢ | 592614 | ||
| Last updated 11.04am 31/05/2024 ? | |||||
| AJL (ASX) Chart |