RE:What has changed Comments welcome on my previous calculations.
Compared to the price today and my estimated value of 45$, we are paying 60 cents on the dollar.
But that's not only why I am here. I am hanging around because I think that the mandatory energy infrastructure renewal and the deteriorating condition of the civil infrastructure, combined with the new collaborative mode of contracts will result in an expansion of both Revenue and Margins in addition to the EBITDA multiple as a result of better predictability. Those three multiply.