Yeah agree with above. Although I am happy that the working capital cap raise conversation can be put to bed for now (as the question of timing threatened to cap the share price until resolved) and I do have a certain admiration for the audacity and bloody minded intent of management to get that golden ring...I would've preferred to see a further 6-12 months of focus on growing organic ARR before making what seems to me a fairly audacious acquisition. Especially as LT holders have seen a halving of their investment since the last CR.
On the plus size the acquisition does on first look to be a nice fit solution-wise, expands the EU footprint and customer base considerably and it does look like management have learned from the painfully long "death by 1000 lashings" CR of 2018 and have gone in for a quick kill this time.
LVT Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held