Before getting too excited, consider that most of the growth was...

Before getting too excited, consider that most of the growth was acquisitional, with organic growth of only about 2-2.5%. Acquisitional growth has probably stopped for the foreseeable future (and rhe market would not respond well if it resumed).

Those 'assets' are not cash in the bank or gold bars in the storeroom which can be sold, and the valuation is a little dubious.

On the plus side, with a cessation of acquisitions, acquisitional costs will go down.

Obviously a presentation like this is designed specifically to look shiny and pretty and entice buying by making the picture look as lovely as possible, but if you look behind the tinsel, the expenses are still high, organic growth marginal and at best the profit margins are... marginal. The market may briefly jump a couple of pips on an announcement like this by enticing a few impulse buys, but to have any lasting impact the fine print needs to be as good as the front page of the brochure. The cheerleaders will cheer about this, but the smart money will closely analyse all the figures rather than just glance at the cherry-picked numbers. Great day to sell while there's a moment of promotional pump.

Still heading to test 10c IMO.

*cue haters