OTCPK:AVEFF - Post by User
Post by
TallerCraigon Jan 04, 2018 8:05pm
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Post# 27285619
Tall of the Tape - FMV of Net Assets 1.02/share
Tall of the Tape - FMV of Net Assets 1.02/shareJust a quick reminder....
On 2018 Numbers of 225M Rev and 26.5M EBITDA
- 1.5x EBITDA
- 0.67 BV/ share (1.02/share adjust for FMV of PPE)
- net/debt to EBITDA under 2.5x
- anlayst PT over 1.00/share
- Gross margin expansion could double in 2018
- Still recovery for 10-20% upside in pricing
- Reduction in low margin subcontract use
- Introduction of at well site service offering
- Consolidation will heat up with recovery in space
- WTI >60 w Rig count strong
- Tax loss selling over
Using only a 4x EBITDA multiple on 2018 numbers gets you to 1.80/share or still a triple...
If sentiment ever turns, look out!