They sold it for a large multiple (over 10) of earnings to a company that thinks it can make money from the loan book. Better value funding than a cap raising or loans in my opinion. Sounds like they sold a lemon for money
Ann: Acquisition, capital raising & upgrade to earnings guidance,FSA-CGR.AX, page-5
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Last
80.0¢ |
Change
-0.010(1.23%) |
Mkt cap ! $100.1M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 79.0¢ | $50.52K | 62.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22658 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 9997 | 1 |
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| Last trade - 15.59pm 29/11/2024 (20 minute delay) ? |
| FSA (ASX) Chart |
