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Seven Aces Limited - Ordinary Shares ACEXF

Seven Aces Ltd is a gaming company with a vision of building a diversified portfolio of gaming operations. The corporation looks to enhance shareholder value by growing organically and through acquisitions. Currently, the corporation is the route operator of skill-based gaming machines in the State of Georgia, United States of America.


GREY:ACEXF - Post by User

Post by allison5120on Oct 25, 2016 9:33am
150 Views
Post# 25381772

QIC - $5.1 M US EBITDA is for 6 months only

QIC - $5.1 M US EBITDA is for 6 months onlyI just realized that the US $5.1 Million EBITDA announced by QIC on Oct 24, 2016 is the EBITDA for only the 6 month period ending June 30th, 2016.

The year end is Dec 31.  

That translates into a annualized US $10.2 Million EBITDA  (or approximately Cdn $13,500,000 EBITDA,  Wow!  Assuming a 10 x multiple, that works out to a public company valuation of 51% (majority interest purchased by QIC) x $135,000,000 = $62,500,000 valuation for QIC's 51% interest. That alone works out to be worth more 44 cents per share!! 
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