sorry but that is just a ridiculous reason and rationale to pay a 110% acquisition premium. Unless they can justify the excess premium being paid - on every acquisition metric it looks like a complete unnecessary waste of ALL shareholders money. (They have easily spent USD500mm more than necessary to buy NGMS).
The market had just (on the LAST trading day) smashed Neogames by selling it off by 10% for a poor Q1 - and we come out over the weekend and pay an over 100% premium?? ALL has been a great company for a long time, but this is really really poor decision by management and the board. They really need to be held accountable for this.
And what is more disappointing - is they never address the acquisition premium in the investor preso....... acting like shareholders won't notice or they don't need to explain themselves to us....
- Forums
- ASX - By Stock
- ALL
- Ann: Proposed acquisition of NeoGames & increase to share buyback
Ann: Proposed acquisition of NeoGames & increase to share buyback, page-5
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$49.76 |
Change
0.330(0.67%) |
Mkt cap ! $31.45B |
Open | High | Low | Value | Volume |
$49.90 | $50.30 | $49.72 | $65.55M | 1.315M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3636 | $49.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$49.78 | 879 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 800 | 49.700 |
1 | 50 | 49.500 |
1 | 5 | 49.430 |
1 | 10 | 49.350 |
1 | 25 | 49.250 |
Price($) | Vol. | No. |
---|---|---|
49.860 | 2211 | 1 |
49.920 | 142 | 1 |
50.060 | 500 | 1 |
50.150 | 128 | 1 |
50.170 | 500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
ALL (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online