These two companies now apparently are trading on Par for FY03 figures. With EV/EBITDA both at 6.8 and on a growth footing these are both an absolute steal...
* Assumes full buyback of 32M subtracted from 360M shares on issue. ** $24M EBITDA for FY03 - Easily achived now loss making businesses are gone & marginal performing SMS branches back on track. ***Assumes 10% inc in SMS revenue over FY02 # Assumes $40M EBITDA FY03 - Recent Guidance of $36.5 for FY02. # FY02 Rev of $247M assume 10% inc in FY03