Islay, where is the source for the average licenced place at Affinity and GEM? Other sources reported that Affinity OVERPAID for acquisitions, whereas GEM had been more frugal (except Sterling). In fact, two major global brokers (I recall) said that taking over Affinity would likely reduce the future price of acquisitions (i.e. Affinity's higher buying price was inflating the market). GEM's attempted acquisition of Affinity reflected the latter's lower share price and related discounting of the overpaid places.
GEM Price at posting:
$3.43 Sentiment: None Disclosure: Held
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