Morgans note a buy up to $1.20 which is a PE ratio of 12x which is still below a market multiple.
SIL has entered into a binding agreement to acquire another practice in Brisbane (Indooroopilly).
The practice is being acquired for consideration of between A$3M-A$3.5M and will be funded from existing cash balances.
There is a pipeline of other practices which are expected to join the group in the coming months.
SIL Price at posting:
$1.09 Sentiment: Buy Disclosure: Held
