No rush with acquisitions, they will come but in a post RC world more in-depth due diligence is needed to determine level of grandfathered revenue, potential fee for no service etc. The good news is acquisition multiples of targets have come down
FiD have been listed for around 18 years now. No goodwill write downs in that time, even after the GFC. Tells you they don't overpay for acquisitions and they are able to make them work, unlike 99% of the other players in the sector
FID Price at posting:
$4.88 Sentiment: None Disclosure: Held
