IBN 0.00% 2.0¢ ibuynew group limited

This is what announcement said: "As consideration for the...

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    This is what announcement said:

    "As consideration for the acquisition of DVI’s shares in PPS, Flight Centre Group paid DVI on 19 February 2016:

    - An initial cash payment of $700,000 (“Initial Payment”).; and

    - Agreed to a future payment to be determined by reference to PPS’ EBITDA for the financial year ending 30 June 2018 (“Future Payment”).

    The future payment will give DVI an equity-like exposure to PPS without any requirement to invest in future PPS or BYOjet capital raisings to fund growth and without further dilution."

    IMO, the upside to DVI's exposure to 2018 PPS(byojet) EBITDA is likely to be a huge capital profit, judging by the way Flight Centre(FLT) is expanding.
 
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