EGG 1.12% $1.77 enero group limited

Would be a great outcome if Enero was able to buy the remaining...

  1. 3,856 Posts.
    lightbulb Created with Sketch. 402

    Would be a great outcome if Enero was able to buy the remaining 49 % in OB Media, using their existing cash and their new line of credit.
    At this stage, it looks tough given that it would represents a price of only 4.6 x EBITDA 22 according to my estimate.

    In that case, I suspect that Enero would have a significant re-rating, as a very large part of their profit would come from OB Media.
    They would have no problem to rapidly pay back their debt, given their high level of free cash flow and the option to sell most of the businesses excluding OB Media.

    Probably the best case scenario for Enero shareholders.
    Anyway, that's pure speculation from me.
    I am just surprised that they do not highlight more what's happening with OB media, which seems to have a rather unique profile.
    Last edited by saintex: 27/06/22
 
watchlist Created with Sketch. Add EGG (ASX) to my watchlist
(20min delay)
Last
$1.77
Change
-0.020(1.12%)
Mkt cap ! $161.6M
Open High Low Value Volume
$1.83 $1.83 $1.76 $188.6K 105.4K

Buyers (Bids)

No. Vol. Price($)
1 4999 $1.77
 

Sellers (Offers)

Price($) Vol. No.
$1.82 1941 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$1.77
  Change
-0.020 ( 1.48 %)
Open High Low Volume
$1.79 $1.81 $1.76 10230
Last updated 15.59pm 29/03/2024 ?
EGG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.