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Hi pCap , pretty much agree - first half one offs where $1m so...

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andrew a

701 Posts.

31

02/05/18

10:52

Post #: 32822554
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Originally posted by pCap ↑

This update is actually pretty good all things considered. The new owners are careful to mention (but not emphasize) that this EBITDA guidance of $10-13m includes one offs so underlying is actually more like $12-$15m, which at the upper end is a decent result in this environment. I also think with some of the acquisitions and other initiatives, earnings are likely to be bottoming so I would not be surprised at all to see another offer very soon. The question is where will it be pitched and how many will take it up if its in the 40-50c range.

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Hi pCap , pretty much agree - first half one offs where $1m so all up for the year $1.8m. Also looking at first half EBITDA margins retail was 12.6%, wholseale 10.5% and company 6.4% - so the wholesale new business of $35m-$40m could add around $3m-$4m to EBITDA.

cheers

PGR Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
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