up 20%?, page-13

  1. jfc
    265 Posts.
    re: uec Hi Grant,

    I've adopted the recommended practice for Annual Reports for IER's - start reading from the back!

    The chances of a forward reader making it to Appendix C are slim.

    I don't know who concocted that '04 4.3X EBITDA forecast, but note 15% QoQ growth this year followed by 10% will do the trick.

    4.3 ACTUAL for recent March quarter
    4.9
    5.7
    6.5
    7.2
    7.9
    8.7
    9.6 December '04

    If this ever become official, then proper valuations would be obliged to use at least a 4x9.6 annual EBITDA run-rate - $38.4m.

 
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