re: Ann: Market Update - Legend Lifts Profit ...
Using the mid-points of the EBITDA estimate ranges, that's a 17% increase in estimated EBIDTA for the first half. And Lo! the share price has jumped 17% to match that.
I think, however, that continuing recovery and growth like this - with debt reduction continuing - should see a reconsideration of the EV/EBIDTA multiple. With the gearing, even a modest value of 6 for that would see the market cap double.
LGD Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
