Whilst the acq doesn't appear aggressively priced, the core business is still not generating FcF, this appears to be a convenient growth acquisition by still not addressing the collapse in share price / dilution through inc. share issuance.
Can't say I'll be surprised if these guys are still spinning a similar narrative in 6 months time.
Ann: Investor Presentation - Acquisition of Auswater Systems, page-9
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13.0¢ |
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Mkt cap ! $39.52M | |||
| Open | High | Low | Value | Volume |
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