Hopefully this will underpin a $5+ share price. This acquisition will provide growth over the next two years as they look to cross sell existing salary packaging solution and the payroll processing the other way. They have in effect acquired another 350 customers to sell existing products into.
Excluding the cross selling, they have just acquired a minimum 30% EBITDA growth next year with minimal impact on existing shareholders, minimal impact on shares on issue. We could be looking at 75%+ growth next year if existing business growth continues.
The payroll processing business decreases business risk too by introducing an arm of the business that is not dependent upon salary packaging. This should be priced into the business too.
This is a smart company by name and action. Plenty of growth in the future to come.
Best of Luck
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- Ann: Completion of purchase of Health-e Workforce Solutions
Hopefully this will underpin a $5+ share price. This acquisition...
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