Given the reasonably short period, could be right.
Looking ahead, I would be interested to know: (1) cap raising at what level - discount to recent VWAP or closing price of [x] date, or no discount (unlikely); (2) how much funding will will derive from it (good) and at what dilution (bad[?]); (3) which market sector would the acquisition be in - further vertically integrating into manufacturing/supply chain, or targeting some of the higher value/margin sectors e.g. health and defence.... Finally (4) who will lead the troops?
Interested to see what they have in store for us for the final quarter of 2017.
SE1 Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held