A lot of doomsayer on here... Firstly I don't think the DVI...

A lot of doomsayer on here...

Firstly I don't think the DVI boys, the same group behind CAT would just let go of BYO at the values I see being mentioned around here. I have a feeling we will see a massive EBITDA expansion in the next 2 quarters, keep in mind, jetmax is now fully operational... 37 live sites, 4 sites being commissioned, and 45 in contractual obligations as per Sept 15 quarter. So let's say these live sites all had a massive/subued/average Christmas period... it doesn't really matter, cause what do you reckon the incremental margins are on these additional sites? These additional revenue will mostly hit our bottom line... Jetmax is a high margin business, incremental cost is negligible in my opinion, it is afterall a platform...


The second point to note is, I wish I have access to their income statements, but what was R&D expenses, or implementation expenses for the 37 live sites in the first 2 quarters... cause whatever we spent on implementation expenses/R&D will again come back into our EBITDA...


I reckon we won't shoot out the lights with the first part of the deal, but the 16.4% retained equity with backing of FLT, this is a one to buy now and just store away for 2 years... it's become a good solid long term hold for me...