The numbers look good but it's a bit hard to read.
At acquisition date (16 Oct 2015) APEXN was expected to contribute $3m in recurring revenues.
http://www.asx.com.au/asxpdf/20151008/pdf/431xq7x8k3l90x.pdf
At acquisition date (30 Nov 2015) CINENET was expected to contribute $2m in revenue.
http://www.asx.com.au/asxpdf/20151201/pdf/433gglnzxbmj5d.pdf
So that's $5m of the total... sort of.
According to 1H16 accounts page 26, APEX contributed $1m revenue in 1H16, and page 27 shows CINENET contributed $143k in 1H16.
The CINENET number makes sense - its roughly 1 months contribution of $2m, given CINENET was acquired 30 November.
The APEXN number doesn't quite gel with the acquisition number - $1m over 2.5 months suggests that they are on track for $5m vs the $3m forecast at acquisition. That's pretty nice growth for APEXN if so.
But it then raises the Q of how much revenue the core Superloop business is expected to provide of the $10m projected run rate at Dec 2016.
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The numbers look good but it's a bit hard to read. At...
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$2.14 |
Change
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 13582 | 1.705 |
4 | 15717 | 1.700 |
1 | 5952 | 1.680 |
3 | 11300 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.730 | 13582 | 1 |
1.735 | 32520 | 3 |
1.760 | 1530 | 1 |
1.765 | 8498 | 1 |
1.770 | 20000 | 1 |
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