If IWS performs same like last year, it should be payed back in...

If IWS performs same like last year, it should be payed back in the next 2.5 years with ongoing minimum 7 million $ profit per year. Paygroup was mainly operating in Asia with more than 1100 customers, where IWS similar business to Paygroup, was mainly operating in OZ and NZ with a 1000 customers. Merging this 2 profitable businesses was a masterstroke. This was an cracker of aquisation...18 million $ is an absolute bargain ...well done management. Will apply for my full allocation...