Pretty simple to realise alot of value from here
1. Sell Investment portoflio
2. Payout surplus cash with franking - say 90c per share with 38.6c franking
3. IPD trading at 16.5 times EBIT. Take a scrip deal for say 7 times EBIT. $15.2m x7 = $106.4m or $3.67 per share
Result (ignoring the removal of various duplicate costs)
1. IPD get a very accretive acquisition
2. ECL shareholders get $4.96 value
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Ann: Earnings Results Update FY23, page-9
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Last
$3.24 |
Change
0.050(1.57%) |
Mkt cap ! $93.94M |
Open | High | Low | Value | Volume |
$3.24 | $3.24 | $3.23 | $49.77K | 15.37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2755 | $3.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.23 | 174 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2755 | 3.150 |
2 | 12497 | 3.130 |
2 | 2028 | 3.100 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
3.230 | 174 | 1 |
3.250 | 1076 | 1 |
3.450 | 4000 | 1 |
3.500 | 5250 | 2 |
3.950 | 20000 | 1 |
Last trade - 12.07pm 30/08/2024 (20 minute delay) ? |
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