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'Extraordinarily cheap': The ASX share where 77% of its value is cash

'Extraordinarily cheap': The ASX share where 77% of its value is cash
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4 fallen ASX shares that are still awesome businesses: expert

World events are taking stock prices down, but many businesses are still going as strong as ever. Here are some examples. ....

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Mighty Craft scoops up South Australian producers in $47 million deal

Mighty Craft has announced plans to buy SA producers Adelaide Hills Distillery, Mismatch Brewing and Hills Cider in a deal worth $47 million. ....

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Mighty Craft Ltd says "cheers" to transformational Adelaide Hills Group acquisition

Mighty Craft says “cheers” to transformational Adelaide Hills Group acquisition
The acquisition is expected to result in Mighty Craft’s spirit production capacity growing to 1.5 million bottles in FY22, making MCL one of the largest independent Australian craft spirit producers.
The combined group is expected to deliver $78.7 million revenue in FY22.
Mighty Craft Ltd (ASX:MCL) has entered into a binding agreement to acquire 100% of Adelaide Hills Group for aggregate consideration of $47 million, creating one of the largest craft spirit producers in Australia.
The company believes the acquisition is transformational with the combined group expected to deliver $78.7 million revenue in FY22 along with $6 million of EBITDA (excluding transaction costs). ....

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