Tuesday, April 08, 2025

Allfunds (AMS: ALLFG) notes

Share price EUR 4,66 today , april 2025 is almost 90% lower than an offer* from Euronext in 2023. 
Too difficult pile. Earnings don't seem to be increasing, no dividend. Not very cheap? 
*Euronext's indicative offer amounted to 8.75 euros per share and consisted of 5.69 euros per share in cash plus 0.04059 new shares.
While the offer valued the Madrid-based Allfunds above its market value of 4.6 billion euros at the time it was made, it was below the 7.2 billion euros the distribution firm reached in its Amsterdam listing in 2021.
https://www.reuters.com/markets/deals/allfunds-board-poised-reject-euronexts-offer-source-2023-02-28/

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