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bearcuban,The $130m was proceeds net of transaction costs (...

  1. relaxan
    453 Posts.
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    10/12/08
    00:18
    Post #: 4588876
    bearcuban,

    The $130m was proceeds net of transaction costs ( principally stamp duty) and after repayment of construction debt. My best estimate is that Kwinana sold for approx $400m. Thus earnings of $20m for 6 months therefore sold for 10 times EBITDA.

    I see this as really positive as it is effectively confirmation of guidance.
    BBP Price at posting: 5.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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