STS 0.00% 72.0¢ srg limited

South Melb Property, page-2

  1. 1,201 Posts.
    lightbulb Created with Sketch. 76
    Good pick up.
    After the sale (assuming STS move to rental) they should have close to $30M cash and no debt.
    EV of $15M
    They made EBITDA of $6M for the first half 2015.
    14-15- they generated $14.3M cash (after paying tax, dividend and over $2M on plant and equip). With that cash they paid off their $8M debt.
    First half 15- They made EBITDA $6M and settled old claim for $9.75M.

    For 16-17 it would be achievable for this co to have a $15M EV and earn $12M EBITDA.
 
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Currently unlisted public company.

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