"I'm not a big fan of big-bang foreign acquisitions, so I feel some irony when I say that REH may actually be thankful for its Morsco foray - even if it doesn't meet its full promise."
Maybe, maybe not. US-listed homebuilders (not a perfect analog for Morsco, but an adjacency) have traded off over 20% since the Morsco deal closed, because - surprise, surprise - higher US rates are starting to feed into the US housing cycle (flat to declining prices, housing starts tapering etc.).
~15x EBITDA on what is increasingly looking like earnings at or near the top of the cycle. I suspect the Advent guys are pretty chuffed, just quietly.
- Forums
- ASX - By Stock
- Ann: Profit Guidance
"I'm not a big fan of big-bang foreign acquisitions, so I feel...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add REH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$23.72 |
Change
-0.500(2.06%) |
Mkt cap ! $18.39B |
Open | High | Low | Value | Volume |
$24.22 | $24.32 | $23.70 | $9.818M | 411.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 952 | $23.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$23.81 | 1032 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 130 | 9.810 |
2 | 2179 | 9.760 |
3 | 1502 | 9.750 |
2 | 1300 | 9.740 |
2 | 1944 | 9.730 |
Price($) | Vol. | No. |
---|---|---|
9.820 | 43 | 1 |
9.830 | 1205 | 2 |
9.840 | 2507 | 4 |
9.850 | 334 | 2 |
9.860 | 335 | 2 |
Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
Featured News
REH (ASX) Chart |