RE: Trading at discount to NAV20 Dec 2021 11:54
On page 25 of what ab linked they got all accounts wrong they added the bills to the net income. Instead of subtracting .
Can’t make it up .
Net income2
Interest expense
Income tax expense Depreciation/amortization EBITDA
EBITDA Margin3
$17,344
273 7,212 3,418 $28,247 109%
£12,876
203 5,354 2,537 £20,970 109%
$27,062
826 11,905 9,964 $49,757 73%
£20,091
613 8,838 7,398 £36,940 73%