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Printable version |
| From: | "Peter" <pmaiden@today.com.au> |
| Date: | Sun, 20 Jan 2002 13:24:28 +1300 |
Nick - presume referring to the p/e of 3 which is shown on some sites.
This is based on last years earnings which included the profits from
the sale of the China Clays business.
The Bendon business EBIT is forecast at $5M. That puts a different
light on the p/e going forward.
Bendon Group has $18M in cash and the Bendon business. Now there are
a few interested parties interested could be worth a punt.
The Bendon business at $40M is only 8 times EBIT which suggests there
is some upside, esp for such valuable brands.
Wait and see what happens
Cheers
Peter
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