I am a bit puzzled about so much acquisition interest in ROC.
According to the HZN booklet, ROC seems to be at almost its peak production. They made NPAT ~$45m last year and ~$61m previous year, so let say they make $60m NPAT for the next 5 years i.e $300m over 5 years with significant decline in production/revenue thereon.
If a buyer want to acquire ROC now, he would have to pay ~$450m. Why would anyone do that? Is my view a bit too simplistic?
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $300.6M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $209.0K | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1228333 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 293291 | 7 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| HZN (ASX) Chart |
