MC $285 m ( 325.8 m shares @ 0.875 c) plus net debt (FY18 balance sheet) @ $109 m = EC $ 394 m
FY19 EBITDA (as per guidance, $56-$58 m, call it 56 m) = 7 X
OML also sold down. Very few buyers atm for QMS.
Cap raise likely for TLA ? Wait and see I guess.
QMS Price at posting:
87.5¢ Sentiment: None Disclosure: Not Held