Remember as well ANZ wealth was bought on 25x earnings for $975m.
This is a massive multiple. It was roughly half financed by a capital raising and half financed by debt.
It only makes sense if the costs savings of $65m come true.
If the $65m of integration synergies do not come to fruition, then IOOF will have seriously over paid for the deal and in the future could be at risk of goodwill/intangible write down on its assets.
Remember as well ANZ wealth was bought on 25x earnings for...
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Last
$2.29 |
Change
0.000(0.00%) |
Mkt cap ! $1.535B | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.32 | $2.28 | $3.844M | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11924 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 14923 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IFL (ASX) Chart |