agree with you - NGMS is good company with good assets.
the issue is about price - whether it was necessary to pay $29.50 a share when the share price has only ever traded between $11-$19 the last 12 months.....
Management have cash burning a hole in their pockets cos they raised the 1.3bio AUD rights issue last year for Playtech which fell through (and that to me seemed like a good management decision to pass given the situation).
so paying this price for NGMS - it just looks like they've gone out to buy something cos management feel forced to put the money to work...... and that rarely results in a good outcome for shareholders.... (the only saving grace is it's small in the context of ALL market cap....but it's still a waste of a couple of hundred million imo)
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Last
$45.97 |
Change
1.040(2.31%) |
Mkt cap ! $29.12B |
Open | High | Low | Value | Volume |
$45.20 | $46.19 | $45.15 | $63.14M | 1.375M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 3837 | $45.95 |
Sellers (Offers)
Price($) | Vol. | No. |
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$45.97 | 2208 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11848 | 45.880 |
1 | 2585 | 45.840 |
1 | 2329 | 45.810 |
1 | 89 | 45.800 |
1 | 1952 | 45.790 |
Price($) | Vol. | No. |
---|---|---|
46.070 | 5000 | 1 |
46.210 | 491 | 2 |
46.230 | 27 | 1 |
46.250 | 3975 | 1 |
46.300 | 45 | 1 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$46.17 |
  |
Change
1.040 ( 2.12 %) |
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Open | High | Low | Volume | ||
$45.15 | $46.17 | $45.10 | 93093 | ||
Last updated 15.59pm 05/06/2024 ? |
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