EMI emirates nbd pjsc

I'm wondering if the market has really appreciated the full...

  1. ozeb
    5,328 Posts.
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    02/06/06
    09:32
    Post #: 1601036
    I'm wondering if the market has really appreciated the full impact of The Internet Bureau of NZ acquisition. It is expected to add $AU1.2M pa to the bottom line. Considering that the last 6 months profit of EMI was $AU1.621M then that is a significant addition. And EMI say that the purchase will be "strongly EPS accretive". Yet the share price has hardly moved on average.
    I note that they will employ 12 staff in NZ. Here in Oz they employ somewhere around 27 staff so the NZ addition is quite significant, it would seem. A large addition to gross billings too.
    EMI Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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