I'm surprised people aren't more positive that the OBM process is still ongoing. They clearly have multiple interested parties and if the indicative offers weren't appealing they would have canned the whole process.
More importantly, EGG should have $35m or more in net cash (after earnouts) at June, so the EV is currently only about $70m or less. Cyclically depressed EBITDA is currently running at about $20m annualised, so you are getting a capital light business for <4x EBITDA. The OBMedia sale could just be icing on the cake. Nothing is certain in investing, but the risk reward balance here looks pretty strong at current prices, at least in my view.
I'm surprised people aren't more positive that the OBM...
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Last
$1.10 |
Change
-0.020(1.79%) |
Mkt cap ! $99.80M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.11 | $1.09 | $29.53K | 26.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 19602 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| EGG (ASX) Chart |