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    BTH   AU000000BTH6

BIGTINCAN HOLDINGS LIMITED

(BTH)
  Report
Delayed Australian Stock Exchange  -  12:10:44 2023-02-02 am EST
0.5700 AUD   +5.56%
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Australia's Bigtincan gets $300 mln buyout bid from PE firm, shares jump

12/01/2022 | 05:51pm EST

Dec 2 (Reuters) - Australia's Bigtincan Holdings Ltd said on Friday it had received a buyout bid from private equity adviser SQN Investors, valuing the software firm at A$441.9 million ($300.62 million).

Shares of Bigtincan surged as much as 14.7% to their highest in more than three months after the A$0.80 per-share offer, which represents a 17.6% premium to the stock's last close on Thursday.

If the deal goes through, Bigtincan will join a handful of Australian software firms that have agreed to be bought out by private equity firms in recent months.

However, Bigtincan has urged its shareholders not to take any action for now as it has been in preliminary talks with other interested parties related to a potential buyout deal.

SQN Investors, which hold a 13.6% stake in the artificial intelligence-powered software provider, intends to fund the acquisition via a combination of equity and a potential debt financing, according to Bigtincan. ($1 = 1.4699 Australian dollars) (Reporting by Tejaswi Marthi in Bengaluru; Editing by Shailesh Kuber and Subhranshu Sahu)


ę Reuters 2022
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Financials
Sales 2023 126 M 89,3 M 89,3 M
Net income 2023 -3,90 M -2,76 M -2,76 M
Net cash 2023 67,9 M 48,1 M 48,1 M
P/E ratio 2023 -77,1x
Yield 2023 -
Capitalization 328 M 232 M 232 M
EV / Sales 2023 2,06x
EV / Sales 2024 1,79x
Nbr of Employees 495
Free-Float -
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 2
Last Close Price 0,54 AUD
Average target price 1,05 AUD
Spread / Average Target 94,4%
EPS Revisions
Managers and Directors
David Keane Chief Executive Officer & Executive Director
Patrick Welch President & Chief Operating Officer
Tom Amos Independent Non-Executive Chairman
Anthony Turco Chief Technology Officer
Vivian Stewart Chief Operating Officer
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