Ann: Acquisition of Additional Businesses, page-8

The multiple of 1.65 x EBITDA is fantastic and the scale benefits would also be upside given they're not modelled in the announcement.

Funding through convertible debt rather than share issue is also an ok idea.

Considering adding to the holding - leverage to a global brand with recurring revenue streams in a modernising and tech savvy emerging market is no bad thing - especially when it's already profitable and easy to understand