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Goldfields Money is headquartered in Kalgoorlie.

Goldfields Money rejects increased Firstmac offer

The board of Kalgoorlie-based bank Goldfields Money has knocked back a fresh takeover bid from Brisbane financial business Firstmac Holdings, which valued the company at $1.27 per share.

The increased bid comes just weeks after Firstmac launched an initial takeover offer at $1.12 per share, which was also rejected by Goldfields’ board.

The latest offer implies Goldfields is worth $28.6 million, and is about 5 per cent higher than the company’s closing price today of $1.21 per share.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
185thSprintex48%-28%
247thSpookfish30%18%
316thGoldfields Money19%5%
720thYonder & Beyond-50%0%
759thWestStar Industrial-62%-55%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

11/04/17
$2k Bought
06/05/16
$49k Bought
08/10/15
$930 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

100th↑Spookfish$4.7m
101st-WestStar Industrial$4.6m
102nd↓Goldfields Money$4.2m
103rd↑Yonder & Beyond$4.2m
104th↓Sprintex$4.1m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Goldfields Money

897thSimon Lyons$140k
773rdPeter Wallace$39k
189thDerek La Ferla$20k
Ranked by total remuneration from all listed WA companies

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