You could say that about a number of consolidation stories such as GXL and AUB. Private to public PE multiple aribitrage.
Instos are hungry for stable/defensive businesses with good growth prospects. They are paying 20 times for stocks they were unwilling to pay 8-10 times a few years ago. Nature of the market at the moment.
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 (20min delay)
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Last
$1.17 |
Change
0.010(0.87%) |
Mkt cap ! $895.0M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.16 | $93.67K | 80.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 31401 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 16833 | 11 |
View Market Depth
| Last trade - 11.41am 24/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |