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20:34
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Originally posted by rmcc8299:
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There is not many comparable recent acquisitions but Finsure had around 2000 brokers when it was bought in late 2021 and had a multiple to trail NPV of 2.77 for the acquisition. Based on this a value for VOW could be $40m. This is based on half year VOW trail figures which could be higher now. VOW was bought in 2014 for $17.6m. For shareholders this would be worth roughly 12.25 cents per share. The other 2 businesses would remain and have their own valuations. This is the issue for YBR shareholders - how to get the share price to reflect the value of the underlying business. VOW is a mid-sized mortgage broker aggregator but could provide a suitable suitor with scale if they are a larger aggregator or give another player a exposure to the aggregator market if they did not already have it. IMO.
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thanks Rmcc, greatly appreciated. I do agree with your comment about a barrier. coms on their long term strategy and how they get there is probably a factor IMO.
