The ACCC has raised “significant preliminary concerns” on the Dye and Durham
(D&D) takeover of LNK.
Clearly the LNK share price is indicating the market does not expect the transaction
to proceed, noting a range of issues, e.g. ACCC/other regulatory approvals, a tight
timeline, and the recent fall in D&D’s share price since the deal was announced.
Whilst we acknowledge large D&D deal obstacles, and a currently difficult overall
equity market environment, we do see the recent fall in LNK’s share price as now
arguably overdone. Indeed, LNK is now trading only ~10% above its Covid-19
share price lows, and on FY23F PE multiples of 13x and ~8x, ex PEXA
(MorgansE). We therefore move to an ADD recommendation on valuation grounds.
Given this is completely off topic, just want to disclose that I do NOT hold LNK.
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $530.0M |
Open | High | Low | Value | Volume |
17.5¢ | 18.5¢ | 17.5¢ | $1.194M | 6.650M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 835380 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.190 |
7 | 348350 | 0.185 |
6 | 697985 | 0.180 |
15 | 1174367 | 0.175 |
23 | 1824005 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 2604 | 1 |
0.170 | 2334 | 1 |
0.175 | 2 | 1 |
0.180 | 151440 | 2 |
0.185 | 709795 | 13 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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