CCP (Credit Corp) or LFS (Latitude) spring to mind, though LFS have a suspension to sort out first.... CCP has a current market cap of 1.14B and LFS 1.25B. A merger would see a market cap of minimum 1.5 - 1.6 Billion, this would get them included in the ASX200 index and bring a tide of index buying with it. An acquisition with a capital raise would likely see the market cap >1.5-1.6B and a nice buffer to stay in the ASX200, any transaction would likely have a capital raise component as this would assist in releasing the franking credits (or newco may be too leveraged).
Index buying aside. Synergies would come from a shared balance sheet (better financing rates) & streamlined corporate structure. The real kicker for CCP would be index inclusion.
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$1.03 |
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Mkt cap ! $214.5M |
Open | High | Low | Value | Volume |
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4 | 28400 | 1.020 |
3 | 12705 | 1.010 |
7 | 29233 | 1.000 |
2 | 4961 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.060 | 15800 | 1 |
1.065 | 2847 | 1 |
1.080 | 14937 | 2 |
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