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
Add PRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.00 |
Change
-0.005(0.50%) |
Mkt cap ! $953.7M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.01 | 99.0¢ | $1.657M | 1.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18896 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 45874 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
99.8¢ |
Change
-0.005 ( 0.78 %) |
||||
| Open | High | Low | Volume | ||
| 99.5¢ | $1.01 | 99.0¢ | 2286638 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| PRN (ASX) Chart |