WOW:ASX is under Algo Engine buy conditions and is a current holding on our ASX model portfolio.
Post demerger Endeavour Drinks will own the largest network of retail alcohol stores in Australia with 1,630 stores. It will also have 332 hotels and 12,400 electronic gaming machines across 1,775 liquor licences.
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Endeavour operates across two divisions, Retail and Hotels. Forcast FY22 revenue is likely to be around $10.5bn and EBIT $700m.
WOW shareholders will receive one new Endeavour Group share for every WOW share held at the demerger record date (25-June). Post the demerger WOW will likely consider the potential for capital management of $1.6bn-$2bn.
