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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The ACCC has raised “significant preliminary concerns” on the...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $587.4M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.8¢ | $921.8K | 4.574M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 431071 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 1685893 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 431071 | 0.200 |
9 | 1172185 | 0.195 |
14 | 1108659 | 0.190 |
9 | 1039949 | 0.185 |
19 | 1826434 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 1685893 | 27 |
0.210 | 975666 | 19 |
0.215 | 1406476 | 13 |
0.220 | 1095625 | 13 |
0.225 | 230238 | 6 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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