Ann: Appendix 4E and Annual Report for Year Ended 30 June 2021, page-4

SEQ is 80c-$1.00 on the last result. The seller is patient and slow. I can see an announcement about the next acquisition right around the corner and likely to push us past $1.00 if its a good one, like the last few.

The top line growth is strong, margins are fantastic, and cash generation sensational for its market cap. Even with a very tight dividend pay-out ratio the yield is still very good and also producing enormous amounts of cash for accretive acquisitions. No need to issue dilutive scrip here.

My opinion only, do your own research