I don't mind the cautiousness of M&A approach. The multiples paid 4-5x is also attractive.
I think they could grow the lease book from $100m to $150m and easily sell this at a market multiple of 0.9x book value. If that happened you are getting the remaining cash and business assets VERY CHEAP
I'm ignoring market movements until after the end of Feb results. Average price for me is $0.105. See how we go.
I don't mind the cautiousness of M&A approach. The multiples...
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Last
$1.16 |
Change
-0.025(2.12%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.15 | $135.3K | 116.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6265 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 2300 | 2 |
View Market Depth
| Last trade - 15.57pm 07/05/2024 (20 minute delay) ? |
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Last
$1.16 |
Change
-0.025 ( 2.11 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.18 | $1.16 | 10072 | ||
| Last updated 15.13pm 07/05/2024 ? | |||||
| COG (ASX) Chart |