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$3.23 bingo industries limited

Valuation, page-153

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iamagenius

2,993 Posts.

78

04/03/19

10:47

Post #: 37641067
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Originally posted by sandy68 ↑

The asset value and value creation by that asset will be hard to value. We are at early stages and light has just turned green by regulators.
I'm still working on a dependable model, and I'll want to tally that up with my other mates and if we all arrive more or less at the same point then we might agree on a share price. For now, a forward looking estimate of the share price is looking good. DADI acquisition, Patons Lane and BIN's other business units will yield $172 million in EBITDA when integrated. [92+20+60]. Just applying a industry minimum acquisition multiple of 10 to it makes it a $1720 million company. Shares on issue is 582.39 million. This lands us a value of $2.95/share. Even if you take a 10% discount in value for debts and cash adjustments, it should be $2.66 as a minimum. There's more to talk about like buy-backs and cash synergies from acquisition, but we will all gradually talk about it.

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anyway you look at it its undervalued ,

BIN Price at posting: $1.74 Sentiment: None Disclosure: Held
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0 Great analysis

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