opening price predictions, page-8

Im going to have a guess and say $1.40 to $1.50 at the lower end

2008/9 revised EBITDA of $655m

Depressed EBITDA multiple of 10 X gives an EV of approx $6.55 billion

Debt post capitalisation - circa $2.8 billion

$3.75 billion equity

Total shares on issue post offer: 2,653,453,755

$1.41 per security

* without knowing jackshit about infrastructure markets im imagining a multiple of 10 wont come close to cutting the mustard on aio's assets, particulary the ports, but i've just run it as that as a firesale figure

also, the $655 million EBITDA is an actual and seems depressed compared to forecasts for FY10 of $735 and $760

dyor