Yep , I believe you are correct ! U would normally expect acquisitions to be based on 4 -5 on anualised revenues . Dont even know the profit margin , I suppose we paid the premium for the invigo ip and the fact it was a take over conducted via shares . However I am pleased it was completed with 7,5c per share (Premium) and no cash .
The cro float is getting very bloated though . This is the only company i will tolerate being invested in ,with it having such mount of SOI.
usually anything over a billion i dont even bother.
Go the cro !!!!
Ann: Binding Share Sale Agreement to Acquire Invigo, page-74
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