This looks a good deal - but this company seriously needs to improve their communication.
How can you make such a release and not even mention an earnings multiple? They are saying we will spend up to $23m in the biggest single deal the company has done in 10-years but not tell you what sort of earnings we are buying - joke.
Clearly Mountcastle is in a net cash position so the use of cash + debt for earnings is huge accretion even before synergies.
I have been a holder of this stock in the past for the Mountcastle business, and belief its equity accounted earnings were being undervalued. That now could be even more the case going forward.
This looks a good deal - but this company seriously needs to...
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Last
33.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.3M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $622.6K | 1.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5822 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 66607 | 1 |
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| Last trade - 15.35pm 11/07/2024 (20 minute delay) ? |
| HNG (ASX) Chart |