Hi jg,
Thanks for checking those accounts, let us know the outcomes of your ongoing research.
On the face of it it looks like a logical acquisition, gaining a foothold in the UK market and getting access to Truckman's products and distribution network, the terms look good also with £10m upfront, £4.0m deferred and £7.9m subject to 3 yr performance hurdles derisking it somewhat. With the A$ - GBP£ trading at a relativily high 55.7c the total price is ~ A$39.3m. That can be funded from ARB's bulging bank accounts. Too bad the UK has divorced the EU...
The issue for me is that £1.6m NPAT is not going to really move the dial on ARB's fundamentals. I was hoping the ARB was squirreling away all that cash and building up it's balance sheet for a serious tilt at the US market. Just imagine wacking an ARB bullbar on every F100 and Chevy pickup in the US of A... now that would move the dial!
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Hi jg,Thanks for checking those accounts, let us know the...
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Last
$37.63 |
Change
-0.100(0.27%) |
Mkt cap ! $3.098B |
Open | High | Low | Value | Volume |
$38.05 | $38.35 | $37.59 | $5.088M | 134.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 273 | $37.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.77 | 167 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75 | 37.450 |
1 | 85 | 37.380 |
1 | 14 | 37.300 |
1 | 500 | 37.160 |
1 | 270 | 37.030 |
Price($) | Vol. | No. |
---|---|---|
37.960 | 5 | 1 |
38.960 | 500 | 1 |
39.000 | 7060 | 3 |
39.310 | 1259 | 1 |
39.580 | 138 | 1 |
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