Got to put the diluation you're talking about into...

Got to put the diluation you're talking about into perspective.



With a market cap of $29m in the last annual report during august they reported $2.5m in profit, this number includes the diluation from the acquisition but not the huge profit beat they've announced.

CI1 is looking at a price earnings of 11.6

while the all ords is looking at a price earnings of ~40


CI1 is crazy cheap looking at the broader market.

Its being valued as a value play but has growth numbers that make growth plays blush.

Honestly is diluation even that bad when the acqusition provides more profit than the effects of the diluation? Diluation is only bad when the pie is fixed, we diluated to increase the size of the pie. The market will rerate just have some patience.