I would expect another acquisition in the next 6 months.
SE1 is a roll up play in the hottest industry on the planet.
Those revenue projections have just been blown out of the water. Its nice for management to provide them but they are a complete waste of time. They will continually be severely underestimated.
We have 2 anchor clients that will be providing US$10 to $US12 mil p.a. each. I believe we have another one in the wind. Add the growing revenues from the business we just acquired and you can see what I mean.
Early days of a massive growth story.
Ross Haghighat has done this all before in the same industry and sold that business for over US$1 billion back in the year 2000. He has been waiting all this time for the right opportunity to come along and the right time to do it again.
I asked him why do you bother and he said he gets a great thrill from growing acorns into trees.
I am well and truly hitched for this ride.
Cheers
SE1 Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held