Mikro - I think you hit the nail on the head... the margins in M&G are huge. So every deal is money to the bottom line. They have a proven, patented product that is not capital intensive. They are not taking on hugley expensive distribution costs.
So even though this might only be worth a few million to ADO, its a few million profit (its not like we need to spend capex to get the product out of the ground!)
So earnings multiples can start.
I don't believe this is the annc we have all been waiting for (thats the exclusive IVD deal !!), but its a huge leap forward in their credentials and will only get more parties interested (hopefully with ink in their pen's).
Looking forward to the following weeks and months in ADO as I think their time has arrived - an overnight sucess over 10 years!!
GLA
Maddoc
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Open | High | Low | Value | Volume |
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6 | 570003 | 0.019 |
4 | 1096000 | 0.018 |
4 | 1480748 | 0.017 |
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Price($) | Vol. | No. |
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0.023 | 1024462 | 11 |
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