"Trying to understand the competitive environment for AND
M&A will be lower in this environment so selling pressure will continue but just nerves imho."
I suspect viewing AND simplistically as a M&A arb play is the easy default for most people.
When, in fact, the company garners is a lot more "maintenance"-type revenue than lumpy revenues derived from corporate transactions.
And besides, even the M&A engine has several cylinders, meaning that when some sectors aren't firing (eg. like now, financial and consumer discretionary sectors are subdued), others are (eg. energy and renewables).
I suspect AND's financial performance over its business cyclical (whatever that might look like) will prove to be far less volatile than most people might expect.
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"Trying to understand the competitive environment for AND M&A...
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Last
$2.26 |
Change
0.060(2.73%) |
Mkt cap ! $201.9M |
Open | High | Low | Value | Volume |
$2.25 | $2.26 | $2.24 | $299.8K | 133.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | $2.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.27 | 1300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 2.250 |
1 | 50000 | 2.240 |
1 | 2000 | 2.220 |
1 | 10000 | 2.210 |
1 | 92887 | 2.200 |
Price($) | Vol. | No. |
---|---|---|
2.270 | 1300 | 1 |
2.280 | 2300 | 1 |
2.300 | 5000 | 1 |
2.320 | 4475 | 1 |
2.330 | 958 | 1 |
Last trade - 15.53pm 02/07/2024 (20 minute delay) ? |
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AND (ASX) Chart |