I'm not concerned about A1Ns underlying financials.
However, I don't believe that spending $38m, at a 20% premium, was a good investment for A1Ns shareholders. SXLs share price has been on a downward trajectory for 12 months, even longer if you take out the post Covid euphoric sugar hit. So, basically we've now (presumably) borrowed money to pay top dollar, for a highly indebted company with shrinking revenues and increasing Opex costs.
Those synergies had better produce the goods to justify this purchase. They will need to to compensate for SXLs shrinking MC and soon to be reduced dividend payouts.
I'm not concerned about A1Ns underlying financials.However, I...
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Last
68.0¢ |
Change
-0.025(3.55%) |
Mkt cap ! $212.8M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.5¢ | 67.5¢ | $254.4K | 364.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 43960 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 86 | 1 |
View Market Depth
| Last trade - 15.07pm 22/07/2024 (20 minute delay) ? |
| A1N (ASX) Chart |