Seller in this case is churchill downs, so less of an issue here on the compete front. The biggest issue i have is the valuation (12x debt/ebitda) and how it's being funded (basically 100% new debt - increasing leverage 1.5x EBITDA). Timing is terrible - they just bought Plarium. Have to really wonder what the chairman/board are doing.
This call in 20mins is going to be v interesting.....
Seller in this case is churchill downs, so less of an issue here...
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 (20min delay)
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Last
$67.75 |
Change
-0.120(0.18%) |
Mkt cap ! $36.16B | |||
| Open | High | Low | Value | Volume |
| $67.77 | $68.20 | $67.42 | $51.90M | 766.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1090 | $67.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.77 | 20386 | 4 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| ALL (ASX) Chart |
