Hi Ecat,
Your total consideration amount of US $175 million is incorrect.
Appen is exposed to a potential, total consideration of AUS $428 million. This is for a company based on only forward revenues. Figure eight does not yet make a dime. Think about - $428 million acquisition for a company yet to make a profit. $428 MILLION!!
Shares where heavily discounted by over 11 per cent to get the underwriting. Suggests the underwriters may have thought the recent $25 tops were frothy.
If they have to pay so much for an acquisition, goes to show how much competition is in the AI space. Appen competitors include Google and Amazon.
Holders have enjoyed a great ride. But if you think this acquisition is an easy sell, wait for market open tomorrow.
Ann: Appen to Acquire Figure Eight & Launch Capital Raising, page-52
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Last
$2.62 |
Change
0.060(2.34%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.58 | $12.99M | 4.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 37066 | $2.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 9761 | 5 |
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| Last trade - 13.18pm 19/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |
