Thanks for the comments!
Yes, backtracking on Zume does not look good, that would have been a real differentiator with high margin products with global acceptance. Maybe that’s the reason for it being little cheaper now. Chirag Satia does look at the finance and accounts aspects, so CFO is more like a secondary role player here, other management looks decently paid. For a small sized firm it is already A rated too. Management compensation is bit on higher side also, zooming a lot in previous year. Guidance still provides comfort to valuations.
The strength is a decade of consistently strong and rising margins. Thankfully 2 out of 3 companies, Tinna and Satia are ESG kind, this helps the longer term story.
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