No It says EBITDA
FBU way undervalued as well on that basis …but we knew that eh
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https://www.nzherald.co.nz/business/...XNTAQPVEYKSL4/
Write up on potential Vulcan IPO.
Sounds like the fundies love it.
Hmm - AU 1.0 Billion float
STU Mkt Cap is currently NZ$ 192.5 Mil
Perhaps Vulcan can be encouraged to vacuum up STU and spit out the pips it doesn't like .. ;)
Not a chance with NZ Steel there.
Wonder if it was a upgrade or downgrade they announced last week going by trading depth.