the cloud will be profitable, and they are generating enough cash from their businesses considering the amount of money they invested in their data centres.
They are about to go into debt, and i wouldnt be surprised if they debt level reaches 50m by the end of next year. I was intrigued by the reason for the debt facility... for strategic opportunities? Are they talking about increasing capacity organically or through acquisition?
MAQ has never taken anyone over before have they?
It would make sense if they started.
I think the share price is fairly valued... it will probably continue to generate between 30m to 40m per annum for at least the next 5 years. Given the ownership structure i think thats a fair multiple.
I always imagine this company being sold off to a TPG or PE company sometime in the future.
MAQ Price at posting:
$7.80 Sentiment: LT Buy Disclosure: Held
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