Australia's Pacific Smiles eyes best month in over 3 years on upbeat forecast

Pacific Smiles

29/12/2023 04:11

** Shares of Pacific Smiles Group  PSQ.AX  set to end Dec
34.9% higher, eyeing their best month since April 2020
    ** Dental centres operator in December had improved
forecast, seeing FY24 underlying EBITDA in the range of A$26
mln($17.76 mln) to A$28 mln     
    ** Co rejected a non-binding indicative proposal from
Australia's Genesis Capital earlier in December to acquire all
PSQ shares for A$1.40 in cash per share 
        ** For the week, PSQ shares are up 1.4%, on track for
their fifth week of consecutive gains 
    ** PSQ shares fall as much as 5.2% to A$1.460 for the day 
    ** Stock set to end the year nearly 3.9% lower 


($1 = 1.4643 Australian dollars)

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