JYC 2.92% $2.47 joyce corporation ltd

News: JYC Joyce Corp purchases 51 pct equity in Lloyds Online Auctions Pty Ltd

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    July 5 (Reuters) - Joyce Corporation Ltd (JYC) :

    • Purchased 51% equity in Lloyds Online Auctions Pty Ltd
    • JYC expects transaction to be earnings per share and EBITDA accretive in FY

      2017

    • Deal for initial payment of $6 million
    • Lloyds EBITDA expected to be > $3 million in FY 2017
    • Jyc will have 3x directors appointed to the lloyds board
    • On a fully franked basis Lloyds is expected to add 3.85 cents net earnings per share to JYC in FY 2017
    • Total group network written sales forecast to be $170M-$200M in FY 2017
    • Deal expected to add $10 million to Jyc'S consolidated revenue, an expected uplift of nearly +22% on FY 2016
 
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$2.47
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2 4209 $2.46
 

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$2.63 5000 1
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