They are selling these 2 companies at around 50 % of sales, while Enero is valued on an EV/sales of 61 %.
According to their last presentation, Leading Edge and Digital Edge belonged to the creative technology and data division (like OB Media), but were small Australian businesses.
Still difficult to have a clear view on what will be the end game for their M&A policy.
The company has mentioned several times its ambitions to do a significant acquisition.
It also explains why they have a rather unregular dividend policy : H1 dividend went from 2.5 c in H1 20 to 10.5 c in H1 21 and 6 c during H1 22, while EPS kept increasing during H1 21 and H1 22.
A bit disappointing that they did not use this opportunity to give an update on their forecasts. But I think they did the same thing when they did their last (small) disposal.
Ann: FiftyFive5 acquires TLE and TDE from Enero portfolio, page-2
Add EGG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.60 |
Change
-0.010(0.62%) |
Mkt cap ! $145.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.64 | $1.58 | $244.6K | 152.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 64 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.63 |
Change
-0.010 ( 1.88 %) |
||||
| Open | High | Low | Volume | ||
| $1.61 | $1.64 | $1.58 | 17233 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| EGG (ASX) Chart |