Hi @Phantom77
Some of my rationale for my investment. Identical peer to EML was acquired 4years ago when they had statutory losses and at a ~40% higher valuation then EML's current market pricing (EV/ underlying EBITDA). EML has very valuable assets especially in Europe including PFS, Nuapay, G&I (No. 1).
CBI have issues of it's own with their CEO and CFO recently leaving but timing of announcement for me is irrelevant. The importance is gets it done.
EML have until the PFS issue, a strong track record of M&A success. EML has averaged 1 sizeable acquisition every year since 2016. Management have hinted at future acquisitions. When PFS is integrated completely they will acquire another sizeable businesses in 2023. This speculation is strengthened with a future recession and/or falling tech valuations. I also speculate EML acquired CCA in the future.
On another note EML directors and management own collectively ~23m majority owned between Peter Martin and Tom Cregan. So how much did they both sell as a % prior to the 'profit' downgrade?
Most bulls are wrong and most bears are wrong. Please bet size accordingly. Not financial advice.
Hi @Phantom77Some of my rationale for my investment. Identical...
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Last
$1.02 |
Change
-0.035(3.32%) |
Mkt cap ! $382.4M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.04 | 99.5¢ | $2.574M | 2.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29403 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 24292 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.02 |
Change
-0.035 ( 3.38 %) |
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| Open | High | Low | Volume | ||
| $1.03 | $1.04 | $1.00 | 342452 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| EML (ASX) Chart |