SIAS Research in a March 16 research report says: "Ryobi announced the acquisition of 70% stake in two Australian piling and geotechnical services companies, Compile Australia Pty Ltd and Compile-Ryobi Australia Pty Ltd, for a total consideration of approximately A$2.8 million ($3.68 million).
"These strategic acquisitions will allow Ryobi to enter the Western Australia market and help achieve its regionalization plan. For now, we see these acquisitions as footholds in a new market.
"We maintain our forecasts and valuation on Ryobi pending further developments from these companies. Intrinsic value of 21.5 cents. MAINTAIN INCREASE EXPOSURE."
"These strategic acquisitions will allow Ryobi to enter the Western Australia market and help achieve its regionalization plan. For now, we see these acquisitions as footholds in a new market.
"We maintain our forecasts and valuation on Ryobi pending further developments from these companies. Intrinsic value of 21.5 cents. MAINTAIN INCREASE EXPOSURE."
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