03-05-2017, 10:21 AM
(This post was last modified: 03-05-2017, 10:53 AM by bardsmanship.)
The offer is terrible, 51c for a company that has net cash of 40c per share as of 31 Mar 2017, and had earnings per share of 7c in FY 2016.
Backing out the net cash from the offer price, they basically only want to pay a P/E of 1.6 for Nobel's business.
Backing out the net cash from the offer price, they basically only want to pay a P/E of 1.6 for Nobel's business.