Yes we're already 1/4 of the way into CY14 so I suspect any deal may get priced on CY15 numbers given implementation is still some time off. That will pump up the valuations, hopefully most of it stays with existing AWN shareholders and doesn't get leaked away to Macquarie clients.
I couldn't help but top up after I read the numbers, even though there are still many unknowns
AWN Price at posting:
78.5¢ Sentiment: None Disclosure: Held