Seven Aces Limited - Ordinary Shares ACEXF

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

[allison5120]

I 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!!

[praesens1]

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[allison5120]

You are correct. But EBITDA takes that into account ie. Earnings Before Interest Taxes Depreciation and Amortization.  Interest is high on the $11M borrowed but hopefully that will be refinancedi in the future. Bottom line is that this is a phenomenal acqusition when you consider QIC made the acqusitions with effectively no money down. This is reflection of Manu Sekhri (CEO)''s