CASA's EBITDA estimated at USD$55 ( AUD$77m ), NTC's at $17m.
Then look at the share prices of both companies, even though Netcomm's has been manipulated in the last year (probably for the reasons we are now learning).
This values Netcomm currently at AUD$2.64 a share - talk about a steal by CASA.
They are buying Netcomm for well less than half it's (comparative CASA) value.
I still don't understand how this can be allowed to happen.
Gw
NTC Price at posting:
$1.05 Sentiment: Hold Disclosure: Held