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
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 |
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| Last trade - 12.07pm 30/08/2024 (20 minute delay) ? |
| ECL (ASX) Chart |