Company needs to hold off the acquisitions for rest of this calendar year. Has been enough deal making of late and they don't want to bite off more than they can chew.
I'd like to see funds deployed to grow the existing consolidated businesses to demonstrate their ability to organically grow their network. They keep talking about synergies and cross selling, so let's see that in action first.
Another acquisition will attract more debt and put more pressure on the cash flow in the near term. There is plenty to work on with existing businesses to improve the group's valuation.
If growth by acquisition is the only path forward than that will be concerning for me. Anyone can buy revenue, but deploying funds to existing businesses for expansion is a much more skilled approach.
Wolf
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