SIQ 0.26% $7.77 smartgroup corporation ltd

Hopefully this will underpin a $5+ share price. This acquisition...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 604 Posts.
    lightbulb Created with Sketch. 24
    Hopefully this will underpin a $5+ share price. This acquisition will provide growth over the next two years as they look to cross sell existing salary packaging solution and the payroll processing the other way. They have in effect acquired another 350 customers to sell existing products into.
    Excluding the cross selling, they have just acquired a minimum 30% EBITDA growth next year with minimal impact on existing shareholders, minimal impact on shares on issue. We could be looking at 75%+ growth next year if existing business growth continues.
    The payroll processing business decreases business risk too by introducing an arm of the business that is not dependent upon salary packaging. This should be priced into the business too.
    This is a smart company by name and action. Plenty of growth in the future to come.
    Best of Luck
    Lost
 
watchlist Created with Sketch. Add SIQ (ASX) to my watchlist
(20min delay)
Last
$7.77
Change
-0.020(0.26%)
Mkt cap ! $1.115B
Open High Low Value Volume
$7.79 $7.85 $7.71 $3.843M 494.4K

Buyers (Bids)

No. Vol. Price($)
4 3175 $7.71
 

Sellers (Offers)

Price($) Vol. No.
$7.78 1496 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
SIQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.