@thunderhead,
I think this is a so-so acquisition; I far prefer the commercial and SME space, as opposed to residential, home & contents, which is what they've bought.
Besides, they certainly aren't getting it for a steal.
That all said, it is a Queensland-facing business they are buying and I'm bullish on the Queensland economy over the next 7 or 8 years as it gears up for the Olympics.
So I think the execution risk in relation to this purchase is low from a macroeconomic point of view.
Therefore, despite my having an oversized position in SDF (and an even larger position SDF's peer, AUB), I will once again be participating in a capital raising by the company.
Doing so in the past has served me well, and I don't see anything in this deal to suggest that this time will be any different.
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@thunderhead, I think this is a so-so acquisition; I far prefer...
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Last
$5.59 |
Change
-0.040(0.71%) |
Mkt cap ! $6.128B | |||
| Open | High | Low | Value | Volume |
| $5.60 | $5.62 | $5.53 | $14.07M | 2.526M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85698 | $5.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.60 | 121842 | 10 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| SDF (ASX) Chart |