If international expansion works as well as it did in Ireland, and they can cross sell all new products, I think profit double in under 5 years.

plenty of recurring revenue, 4% divi, strong moat, this is a good deal imo.

We shall see.

It’s becoming more than just an sms business, and it’s going international, the opportunity in the past 12/18 months has changed quite dramatically for the better imo.

At 213p I think you’re getting an extremely good business, run by talented people with heaps of skin in the game, for a good price.