...Jaya will certainly make a loss at the EBITDA level in 2015-16, again in 2016-17 and wont make a profit until the oil price rises sufficiently for the offshore exploration business to start growing again. There is, and will continue to be, very stiff competition for work; the non-Australian business is fully exposed to international competitors.
So the value of the business is the market value of the boats and what do you think they are worth today?
...Jaya will certainly make a loss at the EBITDA level in...
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