Sharks, fair points, and I can't disagree to an extent. Personally I feel the evaluation and comparison should not be the strategy itself, but how that strategy is executed.
In this instance, I think inorganic growth was necessary to establish the scale needed to drive future growth for this business and expedite the opportunities available.
If in hindsight it proves the company slightly overpaid and integration was bumpy, but we get out the other end with a profitable tech company spitting out free cash in the mobile space with a vast DCB footprint, then I think from a business perspective the acquisition will be deemed a success.
Where I would argue behavior being repeated is if in 6-12 months time track performance has not improved, debt levels are not reduced and all of a sudden an acquisition is flagged with a cap raise and more debt. Then I would probably be selling my holdings.
If Management integrate track, gradually improve performance and remove debt, then I am happy for further inorganic growth to occur.
Dom seems like a very ambitious person looking to expand this business. However it needs to occur sensibly and systematically. The one thing I like about him is he is open and forthright about his past. He acknowledges what went wrong and is determined to learn from that. He did his balls big time with Destra. No doubt he wants to rectify that for himself this time by making this a success.
Only time will tell
- Forums
- ASX - By Stock
- UNT
- Bricks in the foundation of a global mobile company
Bricks in the foundation of a global mobile company, page-40
-
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNT (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.001(5.26%) |
Mkt cap ! $24.55M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 2.0¢ | $46.85K | 2.259M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 610862 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 699307 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 370000 | 0.020 |
3 | 1534621 | 0.019 |
7 | 2059722 | 0.018 |
9 | 1458362 | 0.017 |
5 | 1467500 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 699307 | 2 |
0.022 | 1108755 | 3 |
0.023 | 865214 | 5 |
0.024 | 606883 | 3 |
0.025 | 1000000 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
UNT (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online