On the face of it, the acquisition looks reasonable to me. If the combined entity can produce $15m EBIT p.a. (which doesn't seem unreasonable) it would put it on an EV / EBIT of a bit over 5. It creates a larger scale business, more balanced portfolio. It's "transformational" so there is integration risk and agree importance of retention of key personnel. But management seems to have a conservative approach, and at this price, if it does go right there should be good upside. Management of SCEE & HD5 both have skin in the game to help things in the right direction too...
On the face of it, the acquisition looks reasonable to me. If...
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Last
$1.51 |
Change
0.055(3.79%) |
Mkt cap ! $506.8M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.52 | $1.44 | $1.522M | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 1000 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SXE (ASX) Chart |
