What's next for Dye & Durham (DND) shareholders as it plans big move?

Published on December 22, 2021 08:53 AM EST

What's next for Dye & Durham (TSX:DND) shareholders?

This year was not a joyous one for DND shareholders. In the last 12 months, the DND stock declined 11.6 per cent and fell about 18 per cent year-to-date (YTD).

However, it seems that things could change next year, as Dye & Durham is expected to quintuple its annual revenue base through Link Administration's acquisition.

By acquiring this Australian company, Dye & Durham has an opportunity to become a key player in Australia's pension administration sector.

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Link Administration is reportedly the world's fourth-largest pension pool, and it has a critical mass across various product categories in Australia and the United Kingdom.

The DND stock could get investors' attention due to this deal and achieve new highs next year.

Bottom line

Dye & Durham's balance sheet could become solid due to this acquisition. Link had 1.2 billion Australian dollars in annual revenue during the recent fiscal year, whereas Dye & Durham generated C$ 208.9 million in fiscal 2021.

In Q1 2022, the Vancouver-based company's revenue was C$ 112.6 million, representing an increase of 414 per cent year-over-year (YoY).

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Raza Naqvi

Author

Raza Naqvi - Financial Journalist
1007 Posts
Raza comes from a hard-news background and is an experienced writer with a demonstrated history of working in reputed organizations like the United Nations, Indian Express, and Hindustan Times. Currently, he is exploring the financial world!...

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