This will not fall over.
SIQ is capital lite, has a great runway of organic growth, has sticky long term contracts and is a great cash generator.
HSN is a pig with lipstick. Its back end is a mess with very few systems integrated despite many,many acquisitions. I cannot comment on IRE.
SIQ is the perfect acquisition for a major super' fund. The potential to offer vast numbers of members salary packaging is huge and all at no acquisition cost, this will be the cream Aware Super and the P/E consortium will be chasing.
SIQ acquired by another industry player makes sense but it may have ACCC issues whereas P/E only has to overcome FIRB issues and I cannot see any here.
Maybe another P/E consortium wants to take a seat at the table and lob in a bid. SIQ traded up as high as $13.35 in 2018 although the old insurance commissions were in place back then.
SIQ is an absolute diamond and I would not be surprised at a counter offer, before it is too late.
Enjoy the ride.
This will not fall over. SIQ is capital lite, has a great runway...
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Last
$8.37 |
Change
0.120(1.45%) |
Mkt cap ! $1.121B | |||
| Open | High | Low | Value | Volume |
| $8.30 | $8.43 | $8.30 | $2.926M | 349.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1512 | $8.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.39 | 1808 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SIQ (ASX) Chart |