what happened yesterday

What happened yesterday with the latest SHP acquisition is no doubt transformational from many respects.

However, the market response was once again underwhelming.

Is it waiting for more details on the CR?

Or does it not like the YHD deal itself?

Maybe a vote of no-confidence with management's ability to integrate, scale and prosper?

Or could it simply be the 160m options keeping a lid on the price?

Either way, a 20% increase in share price, vs a ~300% growth in revenue from the day before, is not making much sense to me.

Even an income stock like good old Telstra has a market cap of ~$65b vs revenue of ~$26b (= 2 times).

And SHP is looking at a market cap of $8.5m (after CR), vs FY15 revenue of ~$16.5m (=0.5 times).

Slightly frustrated, but nevertheless understand that this is a long-term game with hopefully re-rating not that far away.