MC seems low for Anteo?, page-56

“The March quarter concluded with 9% growth in revenue to €3.8m at 49% Gross Profit and with EBITDA remaining at 17.5% of revenue comparable to the yearly EBITDA percentage realised in 2015.” – Diasource results.

Other interesting thoughts include normalising expense and revenue base of Anteo old business ie R&D tax and financing costs in other expenses (Notes 2 of half yearly).

Also CEO gone will the whole board also go? Old CEO salary was $415k while whole board was $570k.

As a combined group should be EBITDA positive. The issue for me is this – “Repayment - Eight(8) instalments, each equal to €962,500. Each of the eight(8) repayments will take place semi-annually after the Completion Date”
Don’t know working capital movements but one thing positive is the AUD going down. I’m just gonna wait for full year results to have a better picture of the combined business…....Cant see a cap raise for several years but definitely no rush to buy ADO unless you’re doing some sort of bounce trade/ news flow trade…..beats me and so could be wrong…..