Good pick up. After the sale (assuming STS move to rental) they...

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.