I've started to buy at these levels as I agree the valuation when looking at the growing revenue base, improving cashflow and net asset position is very attractive.
My only concern is the slow organic revenue growth. I understand doing multiple acquisitions a year can be a hard distraction when trying to also grow a business organically.
I very much like the company and would be interested to hear if anyone else has any opinions.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7
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