Seems that cashflow is looking good and acquisition also looks...

Seems that cashflow is looking good and acquisition also looks good. Debt service seems a piece of cake - appears their cashflow is over 5 times DSR @ $250k pq. I hope they don't pay a dividend however and just pay off the debt.

Financial markets are booming - so they may be in the right place at the right time as well.

I hope they can help a Japanese bank to open in Oz. Has been rumoured for some years now that this may happen - and they will need localised software.

My val - for what it is worth - is 6 times adjusted net cashflow for the quarter adjusted for the repayment and interest - 1463 + 257 - 249 = $5,884 per annum x 6 = $35m => 15cps. With a couple of years of paying off the debt I would give it 12 times earnings - but too early yet. A higher multiple will apply if they show growing cashflow.

GLTA - DYOR - don't rely on me