The free float of NGMS is only 37% so they were never going to get a cheap price for it (the top 3 individual shareholders have over 50% control of the company).
If you do a classic high growth M&A aquisition valuation using 15-18 x FY24E EV/EBITDA you get $2B-$2.4B acquisition value. Alternatively using 5x FY24E revenue you get $2.1B. I'm sure smarter people than us figured it out it was the right move.
Ann: Proposed acquisition of NeoGames & increase to share buyback, page-9
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$65.92 |
Change
0.450(0.69%) |
Mkt cap ! $41.11B | |||
| Open | High | Low | Value | Volume |
| $66.65 | $66.66 | $65.59 | $69.45M | 1.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4620 | $65.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.03 | 87 | 1 |
View Market Depth
| Last trade - 16.11pm 24/06/2025 (20 minute delay) ? |
| ALL (ASX) Chart |