great result for FY17 on all fronts. cash flow. EPS . Div . renewal of Medibank contract, the addition of 30 new business. congratulation to the management well done.
on the purchase of Mission Providence, seems complimentary, offers synergies, scale. a bit scary that the jobactive program will be up for review in few years time, but mind you it has been running under various names since 1994. the gov may need to keep it running because employed citizens pay tax so its a win win.
with the doubling of revenue and the accretive 20% in EPS , WHY did management drop Share Purchase down to 48 c, it is a large discount IMO considering such great proposition. I reckon they could offer it for the same closing price of 56 c, as the combined busnisses, is overwhelmingly a great offer on many fronts.
i will definitely participate in the SP, and will also try to purchase more on the market if the price drops towards SP offer.
Over all GOOD NEWS.
great result for FY17 on all fronts. cash flow. EPS . Div ....
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