CMS looks set to dominate Bpayview payments in Australia.
The last two announcements now give them access to over
300 local councils. I would not be surprised to see them sign
up a good percentage of these over the next year. This will see
them cash flow positive and in real $m profits.
With only 88m shares... if they can get just $5m ebit with say a
multiple of earning of 8, that puts the shares at 45 cents. That
still leave them with 5m excess cash in the bank to either go and
buy a cash generating add on business or hand back to patient
shareholders.
Anyway... just thinking out loud.
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