MySale has agreed the disposal of Cocosa to Brandalley UK for £1.5m. Although small, the disposal is accretive as Cocosa incurred a loss before tax of A$0.4m in the year to June 2018. This disposal is in line with the group's strategy to rationalise its non-ANZ divisions and focus on its core and sizeable ANZ markets where there is significant growth potential. Completion of the disposal is expected on 9 May. Prior to this transaction the stock was trading on 0.15x EV/sales and, given some accre ....
03 May 2019
Strategy to refocus on ANZ markets yields first accretive disposal
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Strategy to refocus on ANZ markets yields first accretive disposal
- Published:
03 May 2019 -
Author:
Matthew McEachran -
Pages:
3
MySale has agreed the disposal of Cocosa to Brandalley UK for £1.5m. Although small, the disposal is accretive as Cocosa incurred a loss before tax of A$0.4m in the year to June 2018. This disposal is in line with the group's strategy to rationalise its non-ANZ divisions and focus on its core and sizeable ANZ markets where there is significant growth potential. Completion of the disposal is expected on 9 May. Prior to this transaction the stock was trading on 0.15x EV/sales and, given some accre ....