Quote Originally Posted by Pmdv77 View Post
Seeka have paid a stupid amount of money for a landlocked site with no growth potential and only 1m TE of supply (~25%) that can be committed long term. Interesting that a forecast earnings multiple of between 6 and 7 has been paid based on forward earnings projections but on actual results for the target business would equate to something around 15 to 20x. Will be worth watching to see if the earnings are generated or not in years to come...
Care to tell us the base for your statement? I can't read out of Seekas anouncement the current earnings?

Did you happen to be the losing bidder for the site?