COG Financial's Largest Acquisition Looks Cheap to Bull -- Market Talk

Dow Jones
2025/09/04

0141 GMT - COG Financial's acquisition of salary packager EasiFleet looks cheap on a post-synergies basis, according to its bull at Bell Potter. Analyst Hayden Nicholson tells clients that COG's largest acquisition to date should bring an immediate margin contribution, with volumes rising on consolidation. He sees more than A$7 million in annual Ebitda accretion from customer migration efforts within as little as 12 months after completion. Nicholson is particularly enthusiastic about the fact that there is no overlap in clients between COG and EasiFleet. Bell Potter raises its target price by 9.8% to A$2.25 and keeps a buy rating on the stock, which is up 7.4% at A$2.03. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

September 03, 2025 21:41 ET (01:41 GMT)

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