CMS 0.00% 3.0¢ commsecure limited

Bpayview domination

  1. 3,255 Posts.
    CMS looks set to dominate Bpayview payments in Australia.
    The last two announcements now give them access to over
    300 local councils. I would not be surprised to see them sign
    up a good percentage of these over the next year. This will see
    them cash flow positive and in real $m profits.

    With only 88m shares... if they can get just $5m ebit with say a
    multiple of earning of 8, that puts the shares at 45 cents. That
    still leave them with 5m excess cash in the bank to either go and
    buy a cash generating add on business or hand back to patient
    shareholders.

    Anyway... just thinking out loud.
 
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