11.9% not a bad return and in the hand too (ie dividend) granted...

11.9% not a bad return and in the hand too (ie dividend) granted there are better options out there

I should have added, it looks like from the half yearly number $150m revenue strip out $43m PCSIL and $7.5m Sentenial then they’re on a run rate of $200m revenue which they think can grow at 5-8% for next 3 years.

FY25 $210m-$220m revenue
EBIT $65m and could even do $70-$75m now that interest rates are higher for longer

As interest start to fall the establishment fees should start to kick in which should cushion /offset some of the decline

Any new signings or more rather the growing of existing partners into new products should be a catalyst for upgrade (Hello salary packaging in the UK)