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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Comment by Eric1212on Nov 22, 2021 12:56pm
101 Views
Post# 34153488

RE:RE:RE:TD Report and analysis

RE:RE:RE:TD Report and analysis

Strange, they say that they update their estimates to 45.8 US$ for 2022 EBITDA and also say they continues to base their valuation at 3.5x EV/EBITDA but keep the target price of 1.50 C$ ...

 

45.8 US$ for 2022 EBITDA give 57.33 C$ and 57.33 C$ * 3.5 = 200,655 C$ and that divided per 49 989 975 shares should give a target price of 4,013904788 C$.

 

They are somewhat 2.5 C$ under what they say on the target price.

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