Thanks for the commentary Winner69. Agree that if this is proceeding and the price is reasonable, it's positive for EBO which is significant in the current climate especially post CWH contract loss.
What’s the latest gossip from AFR or The Australian?
Per the aussie gossip rags
* EBOS to acquire Greencross for $3.75 billion (currency not stipuated)
* EBOS will seek to raise almost $2bn at a 12% discount to the theoretical ex price
* Given size of issue expected some of Greencross' shareholders will roll in aside management & become holders in EBOS
* Zuellig understood to be supportive & tip into rights issue
* Greencross has 150 vet cliinics and book $1.6bn in revenue and $83m npat in the 12 months to 30 June according to ASIC reports
I'm starting to take notice of the price of this quality stock. But it still isn't cheap...
As per their history they're trying to do deals, grow. Ok so this one didnt work out but they're thinking forward and thinking big.
But also, they're prepared to dilute us shareholders too along the way. Is that the price we have to pay?
Solid growth over the long term. Figures are yearly for last ten years
Bookmarks