Heartland into this disruptive stuff and the use of technology. That's good in these changing times
Read this article about make of Boards in these changing times
Main points were 'Board members know that there company will either embrace technological change or go out of business' and 'At the Board level, there is a need for "geeks", independent directors who can put technology to use'
Heartland passes on the first point ....but who is the geek amongst this lot?
”When investors are euphoric, they are incapable of recognising euphoria itself “
Not yet, I will try have a look at it soon... I should really know it 'off by heart' as I have held FXL shares for some time...
Either way, what I can say now is that with UDC, Heartland would be "extremely well positioned"
FXL paid A$275 MILLION, NZ$294 MILLION for F&P Finance in Late October 2015
The acquisition price of F&P Finance represents:
- acquisition multiple of 8.8x pro-forma FY15 Cash NPAT (taking into account expected synergies under FXL ownership), 9.9x not taking into account expected synergies
- 2.9x book value
- 44% of receivables
hopefully that helps..
Last edited by trader_jackson; 30-04-2016 at 08:14 PM.
FXL paid A$275 MILLION, NZ$294 MILLION for F&P Finance in Late October 2015
The acquisition price of F&P Finance represents:
- acquisition multiple of 8.8x pro-forma FY15 Cash NPAT (taking into account expected synergies under FXL ownership), 9.9x not taking into account expected synergies
- 2.9x book value
- 44% of receivables
hopefully that helps..
Like that 2.9 times book value
Hope FXL take Heartland at the same multiple - just shy of $3
”When investors are euphoric, they are incapable of recognising euphoria itself “
FXL paid A$275 MILLION, NZ$294 MILLION for F&P Finance in Late October 2015
The acquisition price of F&P Finance represents:
- acquisition multiple of 8.8x pro-forma FY15 Cash NPAT (taking into account expected synergies under FXL ownership), 9.9x not taking into account expected synergies
- 2.9x book value
- 44% of receivables
hopefully that helps..
Yes very helpful.
I think it gives a clear picture of what a "trade buyer" who is experienced in the sector, will pay for a very good business,which FPF is.
Now I wonder where we are with UDC,which is also a very good business.?
The difference will be in the untangling of UDC's ANZ relationship.
That will be interesting.
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