ISU 5.08% 31.0¢ iselect limited.

In late 2015/early 2016, ISU, had a takeover bid from Private...

  1. 26,847 Posts.
    lightbulb Created with Sketch. 1841
    In late 2015/early 2016, ISU, had a takeover bid from Private equity firm Providence Equity Partners, but the private equity firm walked away and ISU lost CEO as well, share price tumbled as low as 63c.
    Share price recovery to $2.20, spent $60m on share buy back, paid about $19m dividends, invested in iMoney etc, now, back to 44.5c

    At 44.5c, Market cap: $98m
    Cash: $21m
    Debt free.
    Enterprise value: $77m

    Will the private equity firm come back?
 
watchlist Created with Sketch. Add ISU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.