Downer EDI: In Need Of A "Culture Reset"
Prior to the accounting issue, shares were trading at 12.4x the midpoint of the NPATA guidance. They are now at 11.8x the most recent midpoint...
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Previously, in Event SPACE
Of interest this past week: the APN Outdoor Group Ltd (APO AU) / oOh!Media Ltd (OML AU) merger came up against a regulatory roadblock, Fuji Kiko Co...
239 Views
Downer Makes SPO Offer Final, Sets IAF, Extends, Smacks SPO. Bet on A Lower Threshold.
After Spotless Group Holdings Ltd (SPO AU) officially came out with a Target Statement saying Downer EDI Ltd (DOW AU)'s A$1.15 Offer was...
404 Views
Lifting Spotless' FVE To AUD 1.20 Following Release of Target Statement
We lift narrow moat-rated Spotless’ fair value estimate by 4% to AUD 1.20, following the release of Spotless’ target statement. We maintain our...
162 Views
Spotless Stains Offer Process, Issues Target Statement Without IE Report
Several days ago, Spotless Group Holdings Ltd (SPO AU) management had come out saying they intended to ask shareholders to reject the Downer EDI...
279 Views