This UK acquisition makes commercial sense, it has close synergies with Zetron and will allow CDA to penetrate the EMEA marketplace. Of itself it’s not that exciting and perhaps pricey given their acquired $20m revenue stream is only 45% recurring.

I guess we’ve got to hope that 1 + 1 = 3 or more

Rick, I think your Scenario #3 is quite draconian and flys in the face of commentary by Alf.

Yes gold is down - but only 9% in USD against a year ago. The USD has appreciated plenty against most countries making the take home pay more valuable in the residential currency of just about all countries. I'd imagine a detectorist in Britain would be might keen to get hold of the new models given the way the pound has been pounded! And given the new models I think your 39c eps down to 20c is a bit heavy handed. I'm thinking 25-27c

Plus Alf is talking bullish on comms side of things so I'd expect some improvement over the previous years contribution. I'm working on 20-22c for comms. Roll on Tuesday and hopefully a peak beneath the bonnet.