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$2.70 globe international limited

I'm not certain that the Hills will sell their baby. They are in...

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zhanginu

1,787 Posts.

484

06/04/21

13:31

Post #: 52271589
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Originally posted by Fike: ↑

Regardless of what happens in the short term I am not selling at these prices.

I still think that these guys will get taken over. The older Hill brothers are in their 60’s and the younger is in his mid 50’s. There is a lot of cheap money around at the moment and many businesses looking for growth opportunities. The right buyer will easily pay A$500-600 mil for these global, growing and sought after brands. Just a matter of time I recon. And since the Hills jointly own 70% it could happen quite quickly.

That is $12 -15 a share.

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I'm not certain that the Hills will sell their baby. They are in their prime at the moment.

That said, I do agree with you a $500m valuation sounds a lot more realistic than a $200m valuation (for a business that produced ~$15m NPAT in 6 months).

They just need to string together one or two more years of consistent HoH/YoY improvements to justify a $10 share price.

GLB Price at posting: $4.29 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.70		Change 0.000(0.00%)		Mkt cap ! $111.9M

Open	High	Low	Value	Volume
$2.70	$2.70	$2.70	$8	3

Buyers (Bids)

No.	Vol.	Price($)
1	450	$2.22

Sellers (Offers)

Price($)	Vol.	No.
$2.68	3	1

View Market Depth

No.	Vol.	Price($)
1	450	2.220
1	454	2.200
1	10000	2.130
1	1575	1.900
0	0	0.000

Price($)	Vol.	No.
2.680	3	1
2.700	988	2
2.710	706	1
2.780	1652	1
2.850	1000	1

Last trade - 14.19pm 29/07/2024 (20 minute delay)

GLB (ASX) Chart