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Sook, IBA is potentially a cash machine going forward...Based on...

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    Sook, IBA is potentially a cash machine going forward...

    Based on their $540-$560m revenue and 23% EBITDA margin, there is close to $125m EBITDA - this stacks up with second half last year being +$25m op cashflow and the additional $70m pa of cashflow released after the ESA prepayment finished in Apr 08.

    $300m debt is very manageable next to this sort of cash inflow.
 
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Currently unlisted public company.

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