This is a very positive development for the company. They are in the right space at the right time, with the recycling and green thematic at full swing. Just look at sector darlings like LGI and how that is trading. What I like about this acquisition in particular is that it is extremely EPS accretive, not sure if I have seen anything with so much accretion before. It is also structured with a good balance of upfront cash and future incentive for IPS Tek Services. I do feel this is a hidden gem and bottom of draw stuff.
This is a very positive development for the company. They are in...
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $170.1M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.5¢ | $138.9K | 433.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8355 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 85821 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| CLG (ASX) Chart |