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?
Something just doesn't add up for me. At what point would owners...
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Last
$1.73 |
Change
0.045(2.67%) |
Mkt cap ! $455.3M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.74 | $1.69 | $442.5K | 257.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 809 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 12699 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SXE (ASX) Chart |