Ann: Appendix 4C - quarterly, page-9

Following on from @ormond  post yesterday

OVH

by Elise Shaw
Bell Potter has a "buy" on OneVue Holdings and a target price of 75¢, up from 64¢ previously.
"OVH has acquired Super Managers Australia (SMA), a superannuation administration business with FY16 revenues expected to exceed $4 million.
"The transaction is expected to be EPS accretive in FY16 with further synergies on offer.
"Following the transaction OVH will compete with Link Administration (LNK) in Superannuation Administration and its existing Fund Services division.
"The introduction of SuperStream, coupled with improvements in technology, automation and AML checks is making super administration a more profitable and attractive sector.
"We believe this is a transformational acquisition for OVH and supports our 'buy' recommendation."


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