See FID's acquisition announcement. At this rate, they should just bid for CAF.
The synergies I can think of are:
Remove ASX listing costs (direct and indirect): $250-500k
Remove the board and related misc. costs: $350-450k
Remove duplication of finance operations: $200k
Remove CEO, company secretaries and senior mgmt: $2-3 million.
Remove operational expenses: $200-500k
Those add up to $3 million or $4.6 million per annum.
On a 10x multiple, that already justifies paying a >100% premium. If Thorney could exit at $0.35, I wonder if they might accept.
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $65.63M |
Open | High | Low | Value | Volume |
32.5¢ | 33.0¢ | 32.5¢ | $6.094K | 18.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 36960 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 128898 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 36960 | 0.325 |
5 | 57690 | 0.320 |
2 | 44852 | 0.315 |
2 | 8000 | 0.310 |
1 | 3250 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 128898 | 3 |
0.335 | 7905 | 1 |
0.340 | 84999 | 4 |
0.345 | 140511 | 4 |
0.350 | 215625 | 3 |
Last trade - 15.42pm 13/09/2024 (20 minute delay) ? |
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