SRT 0.00% 16.0¢ strata investment holdings plc

Ann: Star Striker to Acquire Leading Fintech Provider Intiger, page-398

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,225 Posts.
    lightbulb Created with Sketch. 45
    stevenjd was correct, my calculations were wrong. From the asx release

    "The acquisition of Intiger is considered low risk by the directors of Star Striker as consideration for Intiger is based exclusively on net profit after tax (“NPAT”) performance milestones that relate to up to $40m NPAT in a three (3) year period to 30 June 2019."

    I would still argue that a PE between 10-15 is reasonable for a Fintech business, at 15 share price is approx 10c. However in sectors like tech and financial services a PE on the range of 20 isn't out of the question
 
watchlist Created with Sketch. Add SRT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.