Hera..Former owners of next proposed (latest acquisition) will...

Hera..

Former owners of next proposed (latest acquisition) will be taking 65%-70% of payment total in way of stock, also they are commited to Tempo and will continue to be involved in the the acquired company runnings.

If the sellers did not have faith in the future of Tempo and the plan put forward to them no way would they accept majority of payment in stock especially at only max x3.5 EBIT, for total payment.

First acqusition (Tempo Industry) is a ripper second one will work well with Tempo Industry, current work force of new acquisitiuon is 150 workers I can see this number growing to several thousand if needed if/when new management get big contracts from RIO TINTO, BHPBIO etc.

I think a very well thought out business plan is in place, we are in the right industry at the right time with the right management. The gowth potential is blue sky IMO, we are still at the very early stages, however in a few short years I could see TEMPO emerging to be a major player in Mining Services sector in WA then Queensland etc.

Also organic growth of the acquired businesses not just synthetic growth through acquisition is the business plan.

As mentioned in yesterdays announcement Tempo Industy business is already growing through wothe network of connections that mangement have in the sector.

Good times ahead.

I hold tightly. DYOR.