This starts to come down to a discussion of valuation and where...

This starts to come down to a discussion of valuation and where you see the limits of the company.

I see this company in the early stages of a fundamental shift away from external delivery services such as Grubhub etc to in house, and also towards delivery generally. It is such a wide open space and a colossal addressable market. I believe in the tech and company as a whole. I see myself holding for a long time.

I am not interested in $2, $4 or $10. Though of course I would sell portions of my holding to realise gains moving through some of these valuations and where I see the company/market compared to that valuation.

But I would be disappointed overall should I not get an opportunity to see just how far this could possibly run. Once regulatory hurdles are cleared the sky is the limit. Hence I think the privatisation talk sells us short.

I would also push back on the idea that revenue breakdowns for acquisitions have not been given. While not done in quarterlies, it is not right to say that they are not given. For example the BDP/Scheduling+ revenue numbers were given in the Appendix 4E and 2019 Financial report. You will find it on page 53 at the bottom of the page (https://www.asx.com.au/asxpdf/20190828/pdf/447z595lq9m0bh.pdf) under revenue and profit contribution - relating to acquisition. I would expect this practice to be repeated for current and future acquisitions.


All in my opinion, DYOR

MJ