It’s no good having a lot of customers if your customers pay you less over time.
When I first came across this business - some 12 months ago, my concern was that it was a business that was around for a good time, but not necessarily a long time.
With each subsequent financial report that concern went up a notch or two.
Now I attach a 75% probability to the end game involving this business being acquired.
What I’m not sure about is how far it’s value still needs to fall in order to attract a bid.
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Ann: Quarterly Activities Report and Appendix 4C, page-2
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