Ann: Isentia AGM Chairman and CEO Addresses and Trading Update, page-21

"Going to be good buying at some stage surely?"

Possibly.
After all, everything has a price.

But at some 10.5x EV/EBITDA (which is where is stock is now trading - even after today's sahre price crunch) that point of buying is still a way off, in my view.

Based on an EV/EBITDA multiple of 8x (which is the maximum I suspect the market will now want to pay for this business given this debacle) and even using $60mpa of EBITDA (generously ahead of FY17's implied EBITDA guidance of between $52m and $53m), this works out to an Enterprise Value for the business of $480m.

Netting off the $50m of Net Debt leaves an equity value of $430m.

In per share terms, that's a share price of $2.15.
And that price level, I think, merely represents fair value.

In order to actually make an investment on under-valuation grounds would require a share price closer to $1.70 (equivalent to 6.5x EV/EBITDA), in my opinion.