''The main concern for me is the idea that MBE is a company which is funding its expansion through cash flow and capital raising. ''
Robbo, fully agree , Capital raisings have been crucial to funding the past two or more years expansion - which is fine if significant growth in earnings were being delivered
The criteria for earnouts from past acquisitions seems IMO very favourable for the previous vendors
Earnouts of $6m just paid and another $7m due next year are more than the entire NPAT for the past 2 years and Fy17 combined
DYOR
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