IMS impelus limited
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Ann: Response to Price Query Letter, page-9

  1. pods
    4,112 Posts.
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    24/03/15
    08:36
    Post #: 14967157
    I disagree. The margins for Advertising are much less. A surprise in revenue from advertising doesn't translate into the same surprise in EBITDA or NPAT that m-payments does. I think the growth of the Advertising market has been factored into the forecasts also. I think any surprise in EBIDTA or NPAT will be down to the UK and maturing of Singapore (Singtel, M1) and Swizterland businesses.
    Last edited by pods: 24/03/15
    MBE Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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