Who would take them over?
None of the big banks are interested in SVR's core market of sub prime auto lending & I don't think there is a big enough growth rate in a short period of time for PE to be interested.
I don't disagree about how cheap SVR is but it's not in a distressed state that a quick flip is on the cards.
With auto lending being such a fragmented market there aren't any really big players with big enough Balance Sheets to take on SVR.
Takeover target, page-2
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Last
$1.26 |
Change
0.058(4.79%) |
Mkt cap ! $263.0M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.28 | $1.24 | $187.7K | 148.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 3673 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 4701 | 6 |
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| Last trade - 15.36pm 13/09/2024 (20 minute delay) ? |
| SVR (ASX) Chart |