Agree the core business is strong and at the bottom of the cycle, but reading the experts report the recent acquisitions are (by their own admission) a disaster. $101 million on 2 acquisitions that only generated $3.4m of EBITDA against a forecast of over $12m. I think for Iress, Computershare or ASX to buy they will need to sort out these or divest them and get back to core, then they will be very attractive.
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