MKNOP Thoughts
HFA may receive increased interest today on the back of news that CBA are in the running to buy part of Lloyds Banking Groups Fund Management arm, Insight Investment Management, for between $450mil to $600mil. Other Fund managers and Private equity groups are also in the running, indicating that we may see period of consolidation in the Fund Management and Asset Management space. One concern that I have is that, on an equivalent basis, comparing only funds under management, the Lloyds deal values HFA (with funds under management of $7bil odd), at between $40mil and $60 mil, however it’s current Market Cap is $90mil. Does anyone else here know of any other Fund Managers or Asset Managers which look oversold and which are potential takeover or merger targets??
MKNOP Thoughts HFA may receive increased interest today on the...
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Last
$1.98 |
Change
-0.005(0.25%) |
Mkt cap ! $965.0M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.99 | $1.95 | $1.490M | 756.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 372 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 5145 | 24 |
View Market Depth
| Last trade - 14.38pm 11/07/2024 (20 minute delay) ? |
| NGI (ASX) Chart |