Looking at the CEO's commentary in the annual report about growth continuing ( doesn't say it's slowing ) so can assume around 30% increase in rev in 2016. According to my rough calc approx 15 % of rev drops thru to profit so we can expect profit next year to be around $10 mil to $12 mil. Apply a growth multiple of 15 to 2o and we have a market cap of $150 mil to $200 mil. That's $4 to $5 SP. looking for to the AGM commentary.
GLB Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
