Ann: Ibanera - Baltic Banking & Probanx integrate CorePlus & Cor, page-21

Yeah not sure to be honest, maybe a consolidation would help. Smaller changes in market cap from pip to pip. I'm no expert on capital structure management.


SP wise - Long term if you look at the market cap of mature financial sector operators globally, I think that would be the goal of management.



Medium term - Meet CY19 EBIT target and if they start next year with the GPTV book value and EMA book value they stated in the AGM then I see good SP growth on the cards. Analysts seem to be running with a forward looking EBIT multiples of 25-30x.



Short term - ADI approval and updates to GPTV will be SP catalysts imo.