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Small Cap Stocks Down Under 28 May 2021: Mortgage Choice, Evolve Education Group, Bisalloy Steel Group
Mortgage Choice: Not our choice
In today’s edition of Small Cap Stocks Down Under, headquartered in North Sydney, Mortgage Choice is one of Australia’s largest mortgage brokers with over 500 registered brokers, 380 franchises and over 30 lending partners. The company’s $54bn loan book is of a solid enough size that it has attracted attention from REA, who has offered to acquire 100% of the company’s stock. With the acquisition likely to close and an extremely narrow gap between the offer price and current price, right now this is a three star stock, in our view.
Also in today’s edition, a look at early learning centre owner and operator Evolve Education Group (ASX: EVO) and Australian quenched and tempered steel manufacturer (ASX: BIS).
Click here to read the previous edition of Small Cap Stocks Down Under published 21 May 2021