This will not fall over.
SIQ is capital lite, has a great runway of organic growth, has sticky long term contracts and is a great cash generator.
HSN is a pig with lipstick. Its back end is a mess with very few systems integrated despite many,many acquisitions. I cannot comment on IRE.
SIQ is the perfect acquisition for a major super' fund. The potential to offer vast numbers of members salary packaging is huge and all at no acquisition cost, this will be the cream Aware Super and the P/E consortium will be chasing.
SIQ acquired by another industry player makes sense but it may have ACCC issues whereas P/E only has to overcome FIRB issues and I cannot see any here.
Maybe another P/E consortium wants to take a seat at the table and lob in a bid. SIQ traded up as high as $13.35 in 2018 although the old insurance commissions were in place back then.
SIQ is an absolute diamond and I would not be surprised at a counter offer, before it is too late.
Enjoy the ride.
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Last
$8.37 |
Change
0.060(0.72%) |
Mkt cap ! $1.121B |
Open | High | Low | Value | Volume |
$8.39 | $8.45 | $8.29 | $1.045M | 124.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 565 | $8.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.38 | 636 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 8.250 |
1 | 123 | 8.130 |
2 | 1520 | 8.100 |
1 | 2400 | 8.080 |
2 | 1122 | 8.020 |
Price($) | Vol. | No. |
---|---|---|
8.390 | 1238 | 1 |
8.450 | 4070 | 1 |
8.560 | 700 | 1 |
8.620 | 66 | 1 |
8.700 | 837 | 2 |
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