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NEWALTA CORPORATION T.NAL

"Newalta Corp provides engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from oil and gas exploration and production waste streams."


TSX:NAL - Post by User

Comment by compsys68on Apr 24, 2018 11:25pm
232 Views
Post# 27935787

RE:RE:RE:This one is boring but I am still very bullish

RE:RE:RE:This one is boring but I am still very bullishWhen the deal was announced Nal was at 1.01 it jumped to 1.30 in three days, so there is a sort of premium..... Now the main issue is what is going to be the forecasted NEWCO EBITDA ratio. Also with 65+ oil what is the EBITDA forecast for NEWCO going to look like. If you have a copy of the 700 + page merger book I would pay close attention to pages 144-147. Given that new number of shares are to be 117,557,000 and based on December 31 2017 OIL EBITDA was to be about 230-240MM.... Now with oil in the 65+ range compared to OIL just peaking through 60.00 (Dec 31/17) I would put the EBITDA # closer to 260-290MM. And say that SES has a EBITDA ratio at 9 and give us a EBITDA ratio of 7.5 that works out to a NEWCO price of 17.00 or a OLD NAL price of 2.54 / share.... I'm still looking for clarification on some of these numbers. I would very much like to get other takes on the NEWCO share price. again this is just my opinion GLTA
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