How to find the next OzForex for Investment?
![](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdkVIIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--e40532210219259ce7498173d6f77c332719e193/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/KK_photo_cropped__Sep_2015_.jpg)
AtlasTrend
OzForex just announced that it has received a takeover proposal from Western Union at $3.50 – $3.70 per OzForex share. This values OzForex at up to $888 million or the equivalent of nearly 33x market forecast earnings for FY2016. When OzForex floated two years ago at $2.00 per share, it was valued at 22x forecast earnings. Even at that price, many in the market were worried it was a very expensive valuation. So why would Western Union be prepared to pay cash to potentially takeover OzForex at a 50% higher earnings multiple compared to the time of the IPO? More importantly, what should we look for to find the next OzForex for investment? Read more at this (VIEW LINK)
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1 stock mentioned
![Kent Kwan](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdkVIIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--e40532210219259ce7498173d6f77c332719e193/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/KK_photo_cropped__Sep_2015_.jpg)
Kent Kwan is a co-founder of AtlasTrend. He was formerly a Chief Investment Officer of an ASX listed company and prior to that was an international equities fund manager with JPMorgan.
Expertise
![Kent Kwan](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdkVIIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--e40532210219259ce7498173d6f77c332719e193/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/KK_photo_cropped__Sep_2015_.jpg)
Kent Kwan is a co-founder of AtlasTrend. He was formerly a Chief Investment Officer of an ASX listed company and prior to that was an international equities fund manager with JPMorgan.