CUP has its hands full with the Count financial acquisition.
The current announcement appears to be a more strategic investment move more than a an operational acquisition since only the shareholding in DMG will change at this stage.
Further down the track, it is seems likely that the full CUP owner-driver- partner model will be implemented to absorb DMG into the group at an operational level.
For now, the transaction does not rock the boat significantly and is EPS accretive in year 1.
Appears to make sense to me.
CUP has its hands full with the Count financial acquisition. The...
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Last
72.5¢ |
Change
0.025(3.57%) |
Mkt cap ! $119.8M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 72.5¢ | 71.0¢ | $59.19K | 82.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26034 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 29468 | 2 |
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| Last trade - 12.33pm 04/11/2024 (20 minute delay) ? |
| CUP (ASX) Chart |