Met AIS and GOO directors and Management over a dinner in Melbourne. Both parties are very excited and upbeat about the merger and they explain what benefits company acquisition / merger can bring.
Key takings are
- GOO will turn to an instant cash flow positive company with exposure to massive US market
- GOO will benefit from boarder product and service offerings
- Ability to support large scale transformation (Access to staff and skills )
- Established enterprise sales force in North America
- Established product development team in India
- 3-year vision to grow revenue over 75 million
Compared other companies that have multiples of market capital but with negative EBIT, pointed out that AIS is a far ahead with CY 2018 A$ 25 Million sales and positive EBIT $ 3 Million.
GOO is dealing with ASX do finalize relisting compliance and expecting ASX approval soon. ( ASX is strict with attention to details but GOO promptly provided clarifications when requested )
I believe GOO will relist in few weeks and will have a positive impact on SP. ( Time will tell )
Good luck to all the holders! ( DYOR )
