bullish
Comms Group Limited - Further Valuation Support from CNW Bid
SUMMARY
- Comms Group Ltd (ASX:CCG) has received further valuation support in the form of the recent bid from Atturra Ltd (ASX:ATA) for Cirrus Networks (ASX:CNW).
- We view CNW as the closest ASX peer to CCG in terms of business mix and market cap.
- The ATA Scheme Implemented Deed values CNW at 7.4x post-AASB 16 FY23 EV/EBITDA and 8.8x pre-AASB 16.
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- Comms Group Limited - Further Valuation Support from CNW Bid13 Sep 2023
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