Update: Disposal materially reduces debt
Thunderbird’s sale of its Costa Rica operations materially reduces its debt burden and was achieved at an encouraging EV/EBITDA (c 7.1x on our estimates) given the current pressures on the Costa Rica economy. It retains two parcels of real estate in San José, Costa Rica, which are up for sale. We now expect Thunderbird to focus on the selective expansion of its Peru operations, to strengthen underlying cash flows. We have slightly trimmed 2014 estimates post the December monthly revenue report and 2015 forecasts are under review until the final results are reported in April.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.