UBS Sell and $17 target!, page-1109

Everyone's homework is to look at the financial report and realise that the mature Australian business made ~50m EBITDA in the first half after its share of costs....

That means that if the USA, UK and NZ reach similar maturity, we get maybe $170m EBITDA per half.... $340 EBITDA for a full year...

This is proof of concept that when we reach late scale this company will print money ... The virus is annoying but this is badly undervalued right now.

Not my point. can't remember who posted the $50m EBITDA but it's a brilliant find...