Yes they paid a premium ( not big to the prevailing price though ) and got 52% ownership . Why not buy out the rest and acquire the business at what is likely to be a great LT price ? You gain a lot more control of everything owning 100%
Bubsmark , if you are referring to the delay of Churchill sales , I don’t really care as it’s a matter of falling into this year or early next years revenues. I take a medium term view of the business and there is no reason revenue and profits will not normalize . The move to more machines on participation should level out earnings over the medium term , and in almost every case where businesses have moved to increase ongoing revenue, a drop in upfront sales and overall revenue is experienced. When you buy into a stock like this adter a profit downgrade one must realise that the turn around will take at least a half , sometimes more , but as I said before I don’t think the price drop warrants a forward looking view of the business. The price is also dictated by whether there are more sellers over buyers on the short term . Not be conspiratory but if I was Novomatic it would be in my interest to see the SP drop and maybe even delay sales over the ST
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Last
75.0¢ |
Change
0.005(0.67%) |
Mkt cap ! $252.5M |
Open | High | Low | Value | Volume |
74.5¢ | 75.0¢ | 74.0¢ | $8.3K | 11.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 72.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 2161 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 757 | 0.840 |
1 | 23150 | 0.830 |
2 | 3205 | 0.820 |
2 | 5286 | 0.815 |
1 | 1024 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 20000 | 1 |
0.890 | 11917 | 1 |
0.895 | 10400 | 2 |
0.900 | 35870 | 1 |
0.910 | 11089 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
AGI (ASX) Chart |