Scratch that..
SXL was trending down and was trading at .76 prior to the acquisition announcement. So it appears, on face value, that A1N paid a 42% premium to acquire that 15% stake in SXL. No wonder both companies are getting hammered.
I hope the board is receiving some please explains from the major holders right about now!
A1N should have been almost debt free after the recent soprano sale. A good place to be in, heading into a likely multi-year recession with elevated interest rates. If, as I suspect, our credit line has been tapped for this acquisition, I hope it's at a low interest rate, because we are already significantly underwater on this deal.
Scratch that..SXL was trending down and was trading at .76 prior...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add A1N (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |