GREY:ACEXF - Post by User
Post by
allison5120on Oct 25, 2016 9:33am
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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!!