Ann: Half year announcement, page-2

This is actually very good and here's why:

this table is from the half yearly report:

	Column 1	Column 2	Column 3
0	iBuy Group Key Operating Metrics	Jan 2014	June 2014
1	total number of unique visitors	6.3m	8.6m
2	total number of subscribers	7.15m	8.2m
3	monthly number of orders	472272	605416
4	average order value	$36.8	$45.6

now during this six month period iBuy acquired Living Social for $18.5m cash.

At today's much lower MC due to iBuy's price decline, that is about 15% of iBuy's value. although at the time of acquistion, it would've been closer to 10% of its total value.

My point is: according to the above table, there are now 36% more unique visitors, 15% more subscribers, 28% more monthly orders and orders are of 24% greater $ value.

THE TABLE SHOWS THAT COMPANY GROWTH IS ORGANIC AND NOT SIMPLY THE RESULT OF THE ACQUISITION ,  SYNERGY/EFFICIENCIES EXIST, AND THEREFORE THE ACQUISITION WAS SUCCESSFUL


the price should correct itself in the next couple of months...ill pick more up tomorrow