Quote Originally Posted by winner69 View Post
I think you both know what you meant to say but not quite clear

Say EBITDA $60m ... EV on a multiple of 6 is $360m

If as JR assumes debt left in the business is $180m then they could float the equity for $180m (say 180 million shares for a $1) and everyhting would look respectable and attractive

Easy as ... nice round numbers and only 50% debt in the floated as well

But I think they will want a higher valuation of $360m
Yes, that's what I meant to say. My thoughts are that a $60m EBITDA would be a strong result compared to the previous year, and that in a difficult trading environment.

Hard to see too many takers at a multiple of 10 or thereabouts...