Anyone have any thoughts on the Independent Expert's Report?
Especially regarding Medivet's provided 31-Dec-12 financials?
Sale of goods...................4,476,685 Cost of goods sold.........-(1,924,836) Gross Profit....................+2,551,849 Other Income....................+190,936 .....................................+2,742,785
Expenses.......................-(2,360,928) Profit before income tax.......+381,857
Looks like in my opinion the new company will have revenue of circa ~15mil & a small net profit of likely less than 500k (depending on how much the recent OEM deals add to MLA's bottom line & not including any likely synergies which may occur over the medium term).
A good platform from which to work on. Still personally I'm not sure I like the consolidation. From my view most consolidations I've been a part of have ended in the gradual depreciation in the SP.
There's a fair bit of info to chew through in both reports. Looks like everyone's letting it all sink in.
MLA Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held