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
$46.31 |
Change
0.340(0.74%) |
Mkt cap ! $29.33B | |||
| Open | High | Low | Value | Volume |
| $46.08 | $46.68 | $46.06 | $53.02M | 1.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10869 | $46.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $46.32 | 3048 | 2 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$46.53 |
Change
0.340 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| $46.20 | $46.68 | $46.07 | 349055 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| ALL (ASX) Chart |