PTB PropTech global asx

[NZSilver]

Aviation parts company PTB Group has found itself a $200 million-odd buyout, with sources pointing to US-based Precision Aviation Group as the most logical acquirer.



PTB Group shares went into a trading halt on Thursday afternoon ahead of the transaction.
Sources said the deal would be at about a 40 per cent premium to the last traded price of $1.15 a share, which would value PTB Group at about $200 million.
PTB Group, based in Queensland, listed in December 2006 and sells aviation parts and services globally. It specialises in Pratt & Whitney PT6A/PT6T and Honeywell TPE331/T53 turbine engine repair and overhaul, and has sites in Australia and the United States.
The company was expected to report about $19 million in earnings in the year to June 30, on an earnings before interest, tax, depreciation, amortisation and foreign exchange gains/losses basis.
The company’s biggest shareholder is Asir & Nek Private Ltd, which has an 11.6 per cent stake.
Precision Aviation Group was founded in 1993 as Precision Heliparts, supply parts to the helicopter industry. The group now has operations in the US, Canada, Australia and Singapore.

[Snow Leopard]

I never like having my shareholdings forcibly prised from my paws

[percy]

I never like having my shareholdings forcibly prised from my paws

Agree,however saves the mystery of where I was going to find the funds to buy into DDH...

[percy]

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

[Snow Leopard]

So $1.595 a share plus upto 3c dividend.

I will hold for now, I have plenty of DDH already

[percy]

I am no longer a PTB shareholder,however I am now a DDH shareholder.

[DarkHorse]

So $1.595 a share plus upto 3c dividend.

I will hold for now, I have plenty of DDH already

Ditto for me. PTB had become my largest holding (by value), so might put more into DDH though - another very solid, well-run and underappreciated business with great prospects along with the likes of ACF, SEQ, EPY

Mixed feelings about the takeover - the company had great prospects as a long-term compounder but can't complain having invested when it was a screaming buy 2 years ago at 55c, and again a year ago at 85c. I wonder if the director who resigned a few days ago also felt the offer could've been higher.

[nztx]

Not currently holder .. a bit disappointing, as thought this one has fairly good future prospects