Syncora Holdings Ltd. (fka SYCRF)

[DennyCrane550]

Yesterday
This just sold by Macquarie for $1.2b Cdn with
45m EBITDA , 26x multipl

Maybe Green Knight and Rock Raider are right,...

Implies AMERICAN ROADS = $520M



News (yesterday 3/22/2018)

Transurban buys Montreal toll road https://t.co/rG1vWuZYh1

— Intelligent Investor (@value_investing) March 23, 2018

https://t.co/3JpZkEaja7


Presentation
https://t.co/LwCm9H2Kcj

FY17 AADT growth of 4%
• EBITDA margins of almost 70%
• Combined Canadian federal and Quebec
provincial income tax rate of approximately
27% applicable
• CAD 377 million of existing asset level debt
retained post acquisition with a remaining tenor
of 5 years
• CAD 840 million investment represents an
acquisition EBITDA multiple of 26 times
• Immediately accretive to Transurban’s
distribution per security