I've long thought RUL is a natural acquirer of K2F. Good customer overlap and the acquisition maths are very attractive:
K2F trades on EV/sales of 1x (FY23)
RUL trades on EV/sales of 3.5x (FY23)
If RUL acquires K2F - even at a 100% premium - they instantly create over $20m of market value.
Ann: Annual Report 2023, page-5
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $34.71M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.5¢ | $22.07K | 119.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3474323 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 1213777 | 14 |
View Market Depth
| Last trade - 10.04am 07/08/2024 (20 minute delay) ? |
| K2F (ASX) Chart |