If you check in the expense report for the half year. PRN incurred $18.8M in consulting fees over 6 months. At a guess probably 30-50% is attributed to merger and a one-off hit. DDL aquisition costs was $5.8M and expensed as other expenses, post the merger.
Merger benefits on the cost side are estimated to be OPEX savings of $22M YOY.
- HR and Pay-role consolidation.
- Finance, Risk / Support team rationalisation.
- IT stack consolidation.
- DDL bad debt written-off a one-off item.
- Site rationalisation.
- Sales team rationalisation / reduced competition in the market-place.
Punchline... well need to wait until September reporting season to see merger benefits.
Ann: Perenti announces changes to its Board of Directors, page-5
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Last
$1.06 |
Change
0.000(0.00%) |
Mkt cap ! $1.000B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.07 | $1.05 | $1.357M | 1.278M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15824 | $1.06 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 2873 | 1 |
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