RE:RE:RE:RE:RE:RE:IPLDementedaccount wrote
sclarda wrote: Dementedaccount wrote
Numbers do not work...$5.7 billion not realistic for a sale as you say....also there is $7 billion in debt...to get $6.5 billion for the equity you are saying enterprise value is $13.5 billion in sale of those remaining assets so you are implying the balance of the assets sell for 20 times EBITDA..
not realistic.
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A couple years ago Li Kia Shing offered $30 per share for IPL. $30 x 430 million shares = $12.9 billion for the shares plus taking on the $7 billion debt which adds up to $19.9 billion.
Seeing as he has a net worth of $36 billion US last time i looked he may be a bit better at evaluating a company like IPLs worth than yourself.
good one classic diversion....your numbers still do not make sense...you are confusing cash flow and EBITDA...your $650 cash flow is Wrong....it is $650 EBITDA you were quoting above then all of a sudden converted it into cash flow and said it was equal...it is not..LOL
also what someone offered 2 years ago is irrelevant now...we all hope for a higher offer..
still does not change the fact that you are now deflecting and your numbers make no sense..LOL
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Let me try and explain this one more time as simply as i can as you seem to be a bit slow.
I was never quoting EBITDA in my numbers that means nothing. I was quoting Free Funds from Operations or Free cashflow which is what really matters. Instead of spouting a bunch of ignorant b.s. take a look at IPLs financial statements and learn something.
For the first nine months of 2020 IPLS FFO was $587 million. Annulized that equals aprox. $785 million. The European operations would bring in aprox. $140 million in FFO last year. Selling all of them would reduce the FFO by $140 million.
$785 million in FFO minus $140 million equals $645 million in FFO after the sale of the rest of the European storage assets and Hearltand which is not bringing in any FFO at this time. Do you understand now how i come up with $650 million FFO after selling Heartland and the rest of the European storage?
You might want to learn how to read a financial statement friend. Just because you cant read a simple financial statement doesnt mean Li Ki Shing and Brookfield cant.
You are right about one thing. What someone offered two years ago is irrelevant now. Two years ago Heartland was a hole in the ground needing another $3 billion and 3 years for completion. Now we are less than one year and1$ billion from its completion and the extra $500 million per year in FFO that it will bring to add to the current $700 million in FFO IPL is currently generating.
So for anyone unlike yourself who knows how to add IPL should be worth a lot more now than it was two years ago.