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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$37.97 |
Change
-0.670(1.73%) |
Mkt cap ! $3.147B |
Open | High | Low | Value | Volume |
$38.35 | $38.72 | $37.68 | $2.446M | 64.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 39 | $37.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.97 | 756 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 73 | 37.930 |
2 | 66 | 37.920 |
3 | 95 | 37.910 |
3 | 145 | 37.900 |
6 | 162 | 37.890 |
Price($) | Vol. | No. |
---|---|---|
37.960 | 419 | 12 |
37.980 | 165 | 5 |
37.990 | 782 | 7 |
38.000 | 172 | 3 |
38.010 | 1581 | 6 |
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