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
$43.51 |
Change
-1.370(3.05%) |
Mkt cap ! $27.78B | |||
| Open | High | Low | Value | Volume |
| $44.23 | $44.49 | $43.45 | $14.79M | 336.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23 | $43.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.52 | 860 | 7 |
View Market Depth
| Last trade - 11.38am 29/05/2024 (20 minute delay) ? |
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Last
$43.46 |
Change
-1.370 ( 3.53 %) |
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| Open | High | Low | Volume | ||
| $44.35 | $44.36 | $43.40 | 44804 | ||
| Last updated 11.58am 29/05/2024 ? | |||||
| ALL (ASX) Chart |