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.
If you check in the expense report for the half year. PRN...
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Last
96.5¢ |
Change
-0.020(2.03%) |
Mkt cap ! $914.0M | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 98.5¢ | 95.5¢ | $1.074M | 1.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 98917 | 96.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 73365 | 28 |
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| Last trade - 15.40pm 14/06/2024 (20 minute delay) ? |
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Last
96.3¢ |
Change
-0.020 ( 2.87 %) |
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| Open | High | Low | Volume | ||
| 98.0¢ | 98.0¢ | 95.5¢ | 296182 | ||
| Last updated 15.58pm 14/06/2024 ? | |||||
| PRN (ASX) Chart |