RE: Nice move, onwards and upwards23 Jun 2026 09:57
$14m spent on interest last year and then ending with free cash flow of $24m. Being around $38m without the interest. We hear a lot about EBITDA, but the cash Team Internet Group generates is huge, all during a very difficult year for search and now back to expected group growth.
I'm very surprised we haven't seen Verdane or TowerBrook Capital and similar funds look to take us private again as they did previously last year. A take private at 80p and zero debt at $350m and a near 9% return on free cash flow with a growing tech company, that's a bad idea for us shareholders at such a multiple.