It won't pay back quickly. EBITDA of IWS for FY21 is expected to be just $1mill. The strategy has a potential medium to long-term benefit but in the short-term the driver will be the large overhang of shares and the query on management for paying such a high price without the profit-based collateral to do so. They will need to deliver, I think they will, the business itself has been strong but I don't think this acquisition will be a meaningful contributor. Competition is huge. In the meantime I'm expecting quite a bit of pain for shareholders unless they have a rabbit in the hat that we're not yet aware of.
It won't pay back quickly. EBITDA of IWS for FY21 is expected to...
Add to My Watchlist
What is My Watchlist?