Originally Posted by
winner69
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
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