AEJ 0.00% $8.00 redbank energy limited

and there it goes $5.25 & no more sellers!

  1. 1,053 Posts.
    Good to see this one start to go up.

    What's it really worth?

    Back before BBP was bought out by the Hedge Funds an independant expert put a price on the remaining AEJ asset at $24.5m as a going concern.

    It is now currently valued at $$4.1m and a big chunk of the debt has been repaid.

    Add to this the business recieved $8.7m on the 2nd of July the debt position is a lot better than reported.

    Net Debt is $180,870k (if you include the $8.7m) The earnings multiple of between 8 X to 9 X EBITDA is what it should be worth.

    That values the Shares between $37 to $71.

 
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Currently unlisted public company.

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