Hi Gt, Where I diverge from your position is " Multiples of...

Hi Gt, Where I diverge from your position is " Multiples of current Market cap" - simply because of the SOI. More than tripple in 3 years. The more on issue the more sluggish any rise can be. I don't recall a 10% churn in a day in recent times. Any CR dilutes and with more 'out there' any movement needs to be Huge (IMO). BTW, Xero was not around in my day, though MYOB was it did not help greatly, for me anyway, and was still lots of AH work.

Thanks for your breath of fresh air, i.e. actually discussing

Cheers, Ballsup - By name and nature