I thought it really looked good on those metrics at first glance as well. But there is a high likelihood that Ansell is only getting what they are paying for. KMB are not a distressed seller. They’ll have decided that the offer was at or above their view of its value. It could also be a sign that ANN is overvalued after this test of the market!
The KC division had $127m D and A - not broken down - in CY23, from a div that had 3.4b in net sales. But there is no D and A in the pro forma earnings. That is a red flag.
I'd love to find out the following: Were the assets of Kimtech and Kleenguard previously written off, and that is why there is no depreciation? If so, what were the reasons given at the time?
I thought it really looked good on those metrics at first glance...
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 (20min delay)
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Last
$24.74 |
Change
-0.300(1.20%) |
Mkt cap ! $3.528B | |||
| Open | High | Low | Value | Volume |
| $25.16 | $25.17 | $24.70 | $5.345M | 215.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1108 | $24.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.82 | 1709 | 5 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$24.70 |
Change
-0.300 ( 1.72 %) |
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| Open | High | Low | Volume | ||
| $25.12 | $25.12 | $24.70 | 146372 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ANN (ASX) Chart |