Further to the purchase of DFL Education and divestment of Premier Fasteners (swapping businesses).
This transaction, on my sums, means AKG collects a net $6.75m cash and has to issue 3.4m shares. i.e Issuing stock for just under $2.00 per share and the current share price is just about $1.10. I'm HAPPY with that.
The net effect on earnings is not material (assuming all going well), yet it does give AKG an entry point to SE Queensland. Plus, a nice kitty to go shopping!
Effect on Net Asset Backing will be an upside of about 10 cents per share.
Ann: Acquisition and Divestment , page-4
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.57M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 14999 | 1 |
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| Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
| AKG (ASX) Chart |
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