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
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Last
$56.69 |
Change
-0.315(0.55%) |
Mkt cap ! $35.64B | |||
| Open | High | Low | Value | Volume |
| $57.00 | $57.03 | $56.04 | $15.49M | 273.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 269 | $56.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $56.70 | 259 | 12 |
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| Last trade - 13.28pm 04/10/2024 (20 minute delay) ? |
| ALL (ASX) Chart |