You don't need to sell the European business, you can simply shut it down and write it off. NAB did the same with Clydesdale back in the day.
The breakage fees will pay out employee entitlements but you get rid of a problem child destroying the share price and running at a $25m loss.
what you're left with is a business with no noise making $45m a year in EBITDA. What would that trade at? 10x gets you to $445m cap, 3x what it is now.
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Last
$1.11 |
Change
-0.025(2.20%) |
Mkt cap ! $424.7M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.11 | $558.3K | 502.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49430 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 7253 | 3 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| EML (ASX) Chart |