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
$45.75 |
Change
5.010(12.3%) |
Mkt cap ! $28.98B | |||
| Open | High | Low | Value | Volume |
| $43.80 | $45.89 | $43.40 | $168.1M | 3.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22382 | $45.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $45.75 | 55312 | 7 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$45.75 |
Change
5.010 ( 12.2 %) |
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| Open | High | Low | Volume | ||
| $43.76 | $45.87 | $43.41 | 633728 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| ALL (ASX) Chart |