LWB was offered $5.30 and had a reproted NPAT of $11.65M putting the acquisition at a PE of 29.
Current share price 12c. Forecasted 2015 valuation of ~30c thus equaling a internal rate of return (IRR) of ~35%. If valuations utilize a PE of 29 we start getting very interesting IRR. (Hahaha I've never valuaed something like this before so I'm just using my new valuation toy).
Scale + distribution strength + evolving consumer habits = very interesting upside.
Interesting.
GRB Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held