I don't think there's much doubt the takeover will happen given...

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    I don't think there's much doubt the takeover will happen given it's been supported by the CVA directors. That will get sorted in the next couple of weeks. In regards to the takeover being EPS accretive BGL would need to know all the details before giving a number. Current shares on issue 92 M + 6.&M righst issue + 42M for CVA holders = 140M. Bgl current revenue per month..close to 1M ( stated at AGM)...CVA...5M annually...approx 18M for FY 2011. NPAT as % of revenue at 23% - 25% x $18M...around 30 EPS. Now there will no doubt be one- off costs with the CVA purchase that most likely will affect the EPS. The great thing about the takeover is CVA is very strong in VIC...Wizz has assist BGL in QLD and BGL owns NSW.
 
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