Something just doesn't add up for me.
At what point would owners of a company that is doing $3m EBIT this year and forecast to do $5m next year, decide that it is prudent to cash out for $10.55m? And the argument that the vendors are seeking an instant cash hit doesn't hold either because the deal is largely a staggered consideration?
The deal just seems too good to be true for SXE.
The vendors know SXE well via Heyday relationship. Are MDE a bit silly and selling out too cheap (unlikely me thinks), or are MDE predicting the current cycle is juiced out?
Ann: Acquisition of MDE Group, page-2
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Last
$1.56 |
Change
0.040(2.64%) |
Mkt cap ! $409.2M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.57 | $1.52 | $517.5K | 334.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1664 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 12086 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
0.040 ( 2.24 %) |
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| Open | High | Low | Volume | ||
| $1.53 | $1.57 | $1.53 | 50553 | ||
| Last updated 15.56pm 14/06/2024 ? | |||||
| SXE (ASX) Chart |