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.
The free float of NGMS is only 37% so they were never going to...
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Last
$65.67 |
Change
-0.255(0.39%) |
Mkt cap ! $41.05B | |||
| Open | High | Low | Value | Volume |
| $66.85 | $66.95 | $65.39 | $57.79M | 875.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 211 | $65.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.67 | 83 | 6 |
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| Last trade - 13.46pm 25/06/2025 (20 minute delay) ? |
| ALL (ASX) Chart |