On the takeover trail
Mid-Week Alert –HUB24 - BUY
HUB24 has agreed to buy independently owned financial planning licensee Paragem for $2 million along with a capped earn out of up to $6 million over three years. HUB24 shares have rallied strongly today on the announcement.
We believe the deal is a positive one and a good strategic fit. Through the combination HUB24 will gain exposure to $2.5 billion in FUM. Paragem currently licenses 20 advisory practices across Australia.
HUB24 remains a high risk buy for Members without exposure.
We will be providing a full update on the stock in next week’s report.
News: HUB24 snaps up financial planning group Paragem, page-2
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Last
$74.82 |
Change
-0.050(0.07%) |
Mkt cap ! $4.657B | |||
| Open | High | Low | Value | Volume |
| $75.00 | $75.76 | $74.51 | $4.768M | 63.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47 | $74.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.83 | 11 | 4 |
View Market Depth
| Last trade - 11.59am 25/11/2024 (20 minute delay) ? |
| HUB (ASX) Chart |
