Gestern hatte ich einen Artikel hier gepostet, wo es um das Interesse von Nick Scali an der Greenlit Beteiligung Plush Sofas ging. Heute hat Nick Scali dieses Interesse offiziell bestätigt. Kaufpreis könnte bei umgerechnet 60 Millionen Euro liegen. Guter Preis bei einem Jahresumsatz von ca 12 Millionen Euro den Plush Sofas einbringen könnte.
The company comes into focus after it confirmed it was in discussions to buy Plush Sofas. Nick Scali entered a trading pause prior to the announcement.
Lets take a closer look at todays news.
Nick Scali wants a new Plush Sofa
In a statement to the ASX, Nick Scali confirmed it was in non-exclusive discussions with Greenlit Brands to acquire the Plush Sofas brand.
The Australian newspaper reported before the trading pause that the furniture company would spend up to $100 million on the purchase. Plush generates around $20 million in annual turnover, according to the report.
In its statement, Nick Scali Limited stressed the lack of certainty around the ongoing discussions and said no binding agreement has yet been reached.
It also said if any transaction should proceed, the company would pay for it with a combination of cash on hand and debt.
Investors clearly believe the deal would be of value to the company, judging by the Nick Scali share price.
Nick Scali share price snapshot
Over the past 12 months, the Nick Scali share price has increased 75%.
In its half-year financial report, the company declared revenue of $171 million a record for the company and an increase of 24.4% on the prior corresponding period (pcp).
Earnings before interest, tax, depreciation and amortisation (EBITDA) rocketed 94.2% on the pcp to $60.2 million and underlying net profit after tax (NPAT) was up almost 90% to $40.5 million.
The company paid an interim dividend of 40 cents per share on the results. Nick Scali management said a surge in demand during the pandemic drove the strong results.
The company paid back half the amount of JobKeeper payments it received on the back of sustained public pressure. The federal governments wage subsidy program was intended to help businesses that would suffer financially because of the novel coronavirus.
Nick Scali Limited has a market capitalisation of $933 million.
www.google.com/amp/s/www.fool.com.au/2021/...gangbusters/amp/
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