Seems like a well structured acquisition to me. Deferred consideration funded by CDFS' cash flow, eg if CDFS earn $1.8M of EBITDA then we pay out $1.95M in cash to the sellers so need to fund just $150K from our own resources (assumed no/minimal capex in CDFS) on top of $750K cash upfront. Seems its $900K of our own cash + around 10% of the company for $1.8M of EBITDA. And that's before considering cross sell opportunities. Yes, EBITDA may not double next year but no growth changes numbers to $500K and 6%.
Note also 1.5c minimum value for shares in deferred consideration. Should be well north of that in 12 months.
Ann: Term Sheet for Acquisition of Digital Forensics Group CDFS, page-14
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.65M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $4.687K | 524.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 441211 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 4762564 | 2 |
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| Last trade - 14.11pm 24/06/2025 (20 minute delay) ? |
| EXT (ASX) Chart |