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Vision Super independent director joins Centuria Capital board superreview.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from superreview.com.au Daily Mail and Mail on Sunday newspapers.
Australia is flooded with sites for second-hand luxury items, but making a profit when buyer and seller want the best bang for their buck is difficult.
$0.20 of cash per Primewest security, and 0.473 Centuria securities per Primewest security, equating to $1.31 per Primewest security based on Centuria’s last closeprice of $2.77 per security on 16 April. The merger would be expected to enhance investment proposition relative to Primewest thanks to: Material earnings per security accretion of 19%,which would deliver 6.8 cents on a pro forma FY21 basis; Substantial increase in scale and relevance with combined AUM of $15.5 billion; Enhanced geographic and sector diversification; Access to new distribution channels, and Material synergies to support growth of AUM, expansion of property services across both businesses. Additionally, the merged group would be expected to be well placed for S&P/ASX 200 index inclusion with an estimated pro-forma capitalisation of $2.2 billion.