Chris Scott needs to decide what the way forward is. He has touted buying centres on 4x EBITDA which is all well and good but he doesn't seem to be doing that and instead EVO itself is drifting down to 4x EBITDA – that's not how you get a public to private arb working. There are plenty of well heeled acquirers in the ECE sector so how on earth does he think EVO will compete with their $20m and an SP within earshot of its covid lows?
The big catalyst to revalue the SP was as we came out of covid the comps were going to look terrific and they did, but the re-rate has not eventuated, which would have opened the door to equity funding some acquisitions, so he needs to outline what Plan B is.
Let's see what happens in the new year.
Ann: Dividend and Market Update 30 October 2023, page-14
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Last
71.8¢ |
Change
-0.003(0.35%) |
Mkt cap ! $114.4M | |||
| Open | High | Low | Value | Volume |
| 71.5¢ | 71.8¢ | 71.5¢ | $3.481K | 4.865K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 30776 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 123586 | 2 |
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| Last trade - 12.19pm 25/07/2024 (20 minute delay) ? |
| EVO (ASX) Chart |