RE: FTSE25020 Nov 2024 17:44
From wg 2023 annual report, page 170, they have 434 million cash in hand , so in short term, wg does not have a bankrupt issue until 2026. Assume the project segment is a complete rubbish business unit, wg still got operation team doing well, plus the consulting segment, the ebitdas of these two are more than 250 millions. Using very low 3x, the sp should be over 100p based on debt at reasonable level. Any thing wrong here which I did not count?