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Ann: Trading halt, page-10

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Steige

21 Posts.

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30/03/21

14:12

Post #: 52143261
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Originally posted by TrentMac: ↑

Judging from their previous acquisitions I like this Ann.

There will be be dilution with the raise however it will be accompanied by strong contract growth. Astute alone added 6.8m to their yearly ARR. And it only cost 11m...

Which is less then 2 X earnings of ARR. Plus it was fully integrated and came with management. So no down time.

PYG are smart, Elmo is laughable. They wouldn't go near it and they can't afford it....

Looking forward I believe this will be a boost to their ARR and potentially come from their new director Ann from yesterday. Remembering he has three patented products which are valuable to PYG, giving him an allocation of share ownership from his products is a massive bonus because it means he will growth with PYG as an owner.

lets see what comes but I think due to yesterday's Ann this makes sense

good luck to us all.

Expand

ELMO just spent all their new money at box seats for the Sydney Swans ... that company is a professional spending machine.

https://www.sydneyswans.com.au/news/877716/elmo-software-joins-the-club

https://elmosoftware.com.au/resources/newsroom/elmo-software-partner-with-the-sydney-swans/

Meanwhile Pay Group are looking at key problem areas in the payroll world that require solutions. This acquisition will be no different to their last.

What does the market require? Who does it? Buy them and add to the hand at play.

PYG Price at posting: 63.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Trading halt, page-10

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