Big news - Comms Group announced a strategic review today. They are guiding to $7m of EBITDA for FY24e. Assuming a 8x sale multiple (in line with recent peer transactions), that equates to a $56m enterprise value. Deduct $8m of debt outstanding and that is a market cap of $48m, or a share price of 13c vs. 7.2c today (81% upside). What am I missing??
https://www.arnnet.com.au/article/707737/comms-groups-kicks-off-strategic-review/
CCG AX - Strategic review announced today
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5.5¢ |
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Mkt cap ! $21.14M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.4¢ | $52.34K | 951.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 91151 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 125000 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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5.4¢ |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.6¢ | 5.4¢ | 135438 | ||
| Last updated 11.24am 14/06/2024 ? | |||||
| CCG (ASX) Chart |