I believe your hunch is correct and an acquisition is on the horizon. I suspect the target they have in mind is a quality business but lacking sufficient working capital to expand at the moment. The acquisition of this business will diversify the SXE offering and revenue streams. There will no doubt be a need to access bank funding post the acquisition to facilitate growth.
Ann: DRP Shortfall Placement, page-5
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Last
$1.73 |
Change
0.045(2.67%) |
Mkt cap ! $455.3M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.74 | $1.69 | $442.5K | 257.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 809 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 12699 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SXE (ASX) Chart |