Make millions - get yourself down to the pub!
Discussion
johnfm said:
Numbers don't make sense - how does a company turning only £8.1m profit manage to dupe a market in paying £1.2billion for it??
That is one heck of an EBITDA multiple...or did I misread something?
Although this isn't my area as such my initial thoughts is firstly that they have a few hundred million pounds worth of appliances in stock. Also, as a quoted company their shares can be traded.That is one heck of an EBITDA multiple...or did I misread something?
People buying companies at this level/value are far from stupid.
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