IMO the $1.35 Offer is another opportunistic bid, which enables BB to undertake due diligence without any significant risk - the fact we know that MFD has increased guidance for the latest financial results suggests the Company is confident that the centres are on the improve, from a relatively low earning base.
"Underlying CY22 EBITDA forecast to be within the range of $12M - $12.5M representing asignificant uplift on CY21 EBITDA of $7M and a step change in growth on prior years".
and
"Occupancy continues to grow, with occupancy for the week ended 28th October 2022 of 74.5% reflecting an increase on 1H CY22 occupancy of 66.7%".
There is no doubt there are and have been issues within the industry, but from such a low base (affected in prior years by covid) MFD financials will improve based on continuing growth of occupancy levels.
Ann: Non-Binding Indicative Proposal Received at $1.28 Per Share, page-38
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Last
52.0¢ |
Change
0.005(0.97%) |
Mkt cap ! $34.10M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 52.0¢ | $36.23K | 69.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6281 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 12000 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MFD (ASX) Chart |