With a company without a guaranteed revenue stream and subject to minute fluctuations in bad debt that can completely wipe out the bottom line. a $2 billion bid would be ridiculous.
Lets be generous and say they could eke out $50 million profit each and every year it would take an aquirer 40 years to see a return on investment.
Even a half a percent deterioration in credit quality will see that $50 million from bottom line.
FSP,s are not acquired on those multiples and typically in a bear market the multiple is more like 7 meaning its already 7 times overvalued even with out the challenges of rebranding and legislation
Maybe after their high court appeal is denied and it loses 50 percent in one day someone may come sniffing.
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Last
$2.87 |
Change
0.160(5.90%) |
Mkt cap ! $3.714B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.90 | $2.70 | $61.73M | 22.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 413823 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 226794 | 8 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |