Australia's Pacific Smiles at 3-month high on positive FY24 forecast

Pacific Smiles

21/12/2023 24:57

** Shares of Pacific Smiles Group  PSQ.AX  rise as much as
2.1% to A$1.450, their highest since Sept. 21
    ** Dental centres operator sees FY24 underlying EBITDA in
the range of A$26 mln to A$28 mln ($17.52 mln-$18.87 mln), in
line with an RBC estimate of A$27.5 mln and up from A$24.1 mln
in FY23 
    ** Co says it has rejected Genesis Capital's non-binding
indicative proposal to acquire all PSQ shares for A$1.40 in cash
per share
    ** Stock had fallen 7.2% this year, as of last close

($1 = 1.4837 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))