External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>SPZ announced the acquisition of UK-based Local Parking Security (LPS) for $5.8m cash consideration.</li><li>The transaction represents a 4.1x trailing EBITDA multiple, relative to SPZ's pre-transaction multiple of 6x EBITDA.</li><li>The acquisition will be funded by its existing cash balance (1H24 $10m)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SPZ announced the acquisition of UK-based Local Parking Security (LPS) for $5.8m cash consideration.The transaction represents a 4.1x trailing EBITDA multiple, relative to SPZ's pre-transaction multiple of 6x EBITDA.The acquisition will be funded by its existing cash balance (1H24 $10m)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Smart Parking Limited - Wheeling in Earnings Growth