ucms buying into certain assets of commquest, page-6

The following exerpt from Dow jones:

"The company, which earned about half-a-billion dollars in revenue in the year ended
March 31, expects to add about A$156 million in annual revenue after the completion of
the UCMS acquisition, Sengupta said. He declined to elaborate on the company's exact
revenue and profit after tax."

If UCMS is providing A$156million p.a. in revenue to Aegis BPO, it looks cheap.

In the past, net profit margin was around 8%. Assuming that drops to 5% post the Telstra contract loss, that will still equate to NPAT of $7.8mil.

If I remember correctly, UCMS has negligible debt levels, so Aegis BPO is really taking over UCMS on a P/E of 6.9x?

There must be more to it than meets the eye. Or else the board will not be tendering their entire shareholdings into the offer.

intrigued by the deal. Would want to see what the independent report comes up with. (They'll probably state it is worth $0.90 to $1.10). Lol. Anyway, watching announcements with interest.