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.
You could say that about a number of consolidation stories such...
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Last
$1.16 |
Change
-0.015(1.28%) |
Mkt cap ! $891.1M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.16 | $680.7K | 588.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 188454 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 20488 | 2 |
View Market Depth
| Last trade - 16.11pm 23/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |