Ann: Vonex Expands into SA through Acquisition of Voiteck, page-6

This part is epic.

"Acquisition provides another step-change boost to the Company's base of annualised recurring revenue (ARR),
which will grow post-completion to ~$34.5 million."

How can a company with expected recurring revenue of roughly $35 Million be valued at a market cap of $36 Million ???

Seems interesting to me considering other companies are trading on crazy multiples of revenue, or not even generating revenue yet.....

Sure, they have debt, but debt isnt the end of the world if you are executing an acquisition based growth strategy, which Vonex is doing and doing very well so far.

Management continue to kick goals, eventually the market will wake up to this. Happy to hold and wait for that to happen.

Goodluck