The high PE reflects IVC's near monopoly position and the business that it is in. About 18 months ago IVC acquired Bledisloe and I think they financed the purchase via debt. If that is so then their lender would have had a look at their banking covenants, headroom and security. My guess is that both parties did OK and we got Bledisloe as a consequence.
Ann: 2012 Half Year Financial Report , page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
