895m Reasons to Succeed - IAM Overview & Future, page-81

I commend harba on his/her healthy level of critical analysis!

It's fairyland stuff to think that Sentry alone will move the needle anywhere near cumulative 40m N-P-A-T in the next two years. I think my (generous) estimate landed somewhere around 3m revenue P/A, which viewed in isolation (milestones aside), would be an outstanding result.

Agree with harba that given the likely timelines around banks running pilots and rolling out new platforms across the network, things need to start happening very quickly to keep M3/4 in play.

Also, don't discount the fact that there can't be significant SP growth without all milestones being hit.

MG