If you check in the expense report for the half year. PRN incurred $18.8M in consulting fees over 6 months. At a guess probably 30-50% is attributed to merger and a one-off hit. DDL aquisition costs was $5.8M and expensed as other expenses, post the merger.
Merger benefits on the cost side are estimated to be OPEX savings of $22M YOY.
- HR and Pay-role consolidation.
- Finance, Risk / Support team rationalisation.
- IT stack consolidation.
- DDL bad debt written-off a one-off item.
- Site rationalisation.
- Sales team rationalisation / reduced competition in the market-place.
Punchline... well need to wait until September reporting season to see merger benefits.
Ann: Perenti announces changes to its Board of Directors, page-5
Add PRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.02 |
Change
-0.005(0.49%) |
Mkt cap ! $956.6M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.03 | $1.01 | $1.222M | 1.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 135865 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 84006 | 28 |
View Market Depth
| Last trade - 12.15pm 23/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |