So if I take the cash offer (and assuming I don't get scaled...

So if I take the cash offer (and assuming I don't get scaled back, which is by no means guaranteed) I'm accepting that the EV of my company is $44m.

That's around 5x the FY2024 EBITA run-rate.

Why am I not feeling enthused by my board's endorsement of this valuation?

I'm guessing the directors have changed their minds about the "22cps to 24cps by FY2025" target (unless that was merely part of the bait to get the acquirers to bite).

Sounds like the folk over at HUB got tired of waiting.

.