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Platypus
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Accent Group (ASX: AX1) posts A$13.8m loss as A$48.6m impairment clouds Frasers bid
Accent Group delivered A$51 million of underlying FY26 profit but recorded a statutory loss after a A$48.6 million goodwill impairment, while its shares still trade above Frasers Group’s hostile A$0.65 cash offer.
Accent Group (ASX:AX1) trades above Frasers’ A$0.65 bid as investors await the next move
Frasers wants Accent Group at A$0.65, but AX1 trades above the bid. The market is pricing a higher offer, a turnaround, or both.