"The purchase price comprises an initial cash payment of US$5 million plus deferred payments tied to performance targets over the next four years. The initial payment was funded from Enero’s existing cash reserves. Over the next 12 months, the acquisition of Eastwick is expected to be accretive to Enero’s earnings per share."
Further diversification away from Aust and potential growth in the US ticks 2 boxes for me.
The US operations needed more scale. Hopefully this acquisition will deliver.
Ann: Acquisition of Eastwick Communications-EGG.AX, page-2
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Last
$1.18 |
Change
0.015(1.29%) |
Mkt cap ! $99.80M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.15 | $140.8K | 120.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9500 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 3932 | 1 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| EGG (ASX) Chart |
