I’ve owned this before. Little chatter as it’s boring and they...

I’ve owned this before. Little chatter as it’s boring and they just go about doing what they need to do. Also liquidity in this stock is poor but that works both ways. When things go well the lack of stock can lead to very large gains as demand outstrips supply.

Even with the jump today the valuation is actually CHEAPER as they’ve said that pre synergies and off 2020 financials EPS accretion is 40%.

So very simply for the valuation to hold to what it was YESTERDAY it needs to go up by 40%. Now it doesn’t always work like that but that’s the theory and over time these things equalise. It’s worth noting that there is some deferred consideration that is not in that 40% but as a rough proxy I’ve offset 2021 profit growth and synergies

Broker upgrades will come out tonight/tomorrow which will lead to more buying