After going through this more carefully, I'm a bit bearish on this company and I sold out even though they operate in the solvency sector which on appearances is a good counter-cyclical area to invest in. Not to mention there is a last minute buyer of shares which is propping the price. Some of many bear points are covered below.

I don't think the Chapter Two acquisition will be enough to gain traction in an already crowded Oz market dominated by larger players such as CCP and FSA. There is also the issue of integrating their tech platform used in HK to the acquisitions they've made.

There is dilution caused by extra shares being awarded to the directors as part of the remuneration (see all the Appendix 2A announcments).

The CEO does not own 50% of the float as mentioned before, transferring some shares to other big investors more than 6 months ago.