Remember as well ANZ wealth was bought on 25x earnings for $975m.
This is a massive multiple. It was roughly half financed by a capital raising and half financed by debt.
It only makes sense if the costs savings of $65m come true.
If the $65m of integration synergies do not come to fruition, then IOOF will have seriously over paid for the deal and in the future could be at risk of goodwill/intangible write down on its assets.
Remember as well ANZ wealth was bought on 25x earnings for...
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Last
$3.14 |
Change
0.010(0.32%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.18 | $3.10 | $4.755M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16014 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 27892 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| IFL (ASX) Chart |
