I think I see your gap...
Quote:
Originally Posted by
JoeGrogan
Yeah i just can't see a 64 million dollar net profit being reached on a 18-22% improvement in operating earnings.
Reading through the reports SFS acquisition was in for 3 months of 2016 so 2017 will see a full 12 months of earnings flow through for that entity to the bottom line. The segment report gives some good detail of the entity splits.
US acquisition might add a little but they seem to be talking that down for anything meaningful in 2017, looks like a sharp price negotiated though.
I also see they are now included in the ASX 300 index as of 20 March 2017, not sure how much demand from indexes this puts on the stock.
Like what I see though. Tough to find good growth performing companies.