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Smartgroup Corporation Ltd (SIQ.AX)

SIQ.AX on Australia Stock Exchange

6.62AUD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Smartgroup sees H1 CY2016 NPATA of about A$18 mln
Sunday, 24 Jul 2016 07:13pm EDT 

Smartgroup Corporation Ltd : Trading update and acquisition of selectus . Has entered into an agreement to acquire 100% of selectus for initial consideration of $119 million . Says deal for initial consideration of $119 million plus subsequent consideration of up to $50 million . Sees H1 cy2016 npata of approximately $18.0 million . Expects "H1 cy2016 revenue of approximately $60.5 million" . Smartgroup expects to report H1 cy2016 EBITDA of approximately $25.5 million .Smartgroup corp - transaction is estimated to result in pro forma full year cy2016 EPS accretion on npata basis of about 6-7% before synergies.  Full Article

Smartgroup Corp says acquisition of Autopia Group
Monday, 4 Jul 2016 03:16am EDT 

Smartgroup Corporation Ltd : Acquisition of autopia group . It has entered into an agreement to acquire 100% of autopia for $36 million. . Autopia is expected to contribute approximately $2.6 million EBITDA and approximately $1.2 million npata in 2h cy2016 . Acquisition is funded by new debt facilities, existing cash reserves, and $250,000 of Smartgroup shares to be issued to management .  Full Article

Smartgroup Corporation announces contract with Queensland government
Thursday, 31 Mar 2016 11:23pm EDT 

Smartgroup Corporation:Government appointed smartsalary as one of two providers of salary packaging administration services to whole of Queensland government.Contract commences on 1 April 2016 and has a term of three years, with an extension option of two years.Contract is not expected to materially contribute to smartgroup's 2016 earnings.  Full Article

Smartgroup Corp announces acquisition of assets
Thursday, 7 Jan 2016 11:56pm EST 

Smartgroup Corporation Ltd:Acquisition of selected assets of Trinity management group.Says initial payment of $1.7 million.Says further payment to be made in 36 months.Says transaction will be funded from cash and/or existing facilities.  Full Article

Smartgroup Corporation enters agreement to acquire Advantage Salary Packaging
Friday, 11 Dec 2015 03:50am EST 

Smartgroup Corporation Ltd:Trading update and acquisition of advantage salary packaging.Smartgroup entered into an agreement to acquire Advantage Salary Packaging for $60.8 million.Consideration for acquisition of Advantage Salary Packaging will include $50.8 million in cash.CY2015 EBITDA and NPATA estimated to be between $A34.8M and $A25.2M inclusive of acquisition expense.  Full Article

Smartgroup Corporation announces renewal of contract with department of defence
Wednesday, 17 Jun 2015 12:09am EDT 

Smartgroup Corporation Ltd:Announces renewal of contract with department of defence.Says department of defence has signed a new contract to continue receiving salary packaging services.Says the term of the agreement, including extensions, runs until June 30, 2021.  Full Article

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