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
$67.19 |
Change
-0.260(0.39%) |
Mkt cap ! $41.83B | |||
| Open | High | Low | Value | Volume |
| $67.38 | $67.53 | $67.01 | $50.70M | 754.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11 | $67.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.47 | 336 | 2 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| ALL (ASX) Chart |