Hi all,
Excellent news yesterday regarding the acquisition in Sydney.
The acquisition of Globalsoft Australia doubles the size of their operations in Sydney.
If they could grow their Sydney office to a comparable size to Melbourne within the next 2-3 years the share price could really take off!
Melbourne had revenue of $28m in the 6 months to December 06 and Sydney was nearly $4m.
This should get them on the road towards $10m half yearly or $20m+ for the full year for just Sydney.
Brisbane hasn't even taken off yet.
Still plenty of upside in this one IMO.
What do others think?
sydney acquisition
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