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Yellow Pages Ltd T.Y

Alternate Symbol(s):  YLWDF

Yellow Pages Limited is a Canadian digital media and marketing company. The Company offers targeted tools to local businesses, national brands and consumers, allowing them to interact and transact within the digital economy. It offers small and medium-sized enterprises (SMEs) across Canada full-serve access to a comprehensive suite of digital and traditional marketing solutions, such as online and mobile priority placement on its digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions, as well as print advertising. Its media properties, primarily desktop, mobile and print, continue to serve as effective marketplaces for Canadian local merchants, brands and consumers. The Company holds local online properties, including YP.ca, Canada411 and 411.ca. It also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories.


TSX:Y - Post by User

Bullboard Posts
Comment by Roxy27on Nov 18, 2015 5:33pm
135 Views
Post# 24302887

RE:RE:RE:RE:debt repayment

RE:RE:RE:RE:debt repaymentI believe $66.1 million of the cash is needed to reduce senior debt to $407 million for the end of 2015.
Assume $75 million debt reduction annually vs $100 million
Still good deleveraging and should be able to raise equity at the end of 2016 or mid 2017 and refi expensive notes with Bank debt. 
My target price is $20 based on a 4X 2016 EBITDA - no dividend so don't see it higher.
$25-$30 is reasonable as a takeover price based on a 12-14% OCF yield to the equity. 

Good luck
Bullboard Posts