South Melb Property, page-3

"For 16-17 it would be achievable for this co to have a $15M EV and earn $12M EBITDA"

This is of course based on current share price. As people recognise the profitability of this co the share price should rerate increasing the EV.

Good update/newsletter on Friday. Looks like EBITDA should be over $12M for 15-16.
Glad to see Hunter hall value investors also increasing stake and the recognising the value here.

Time will tell. Ive gone hard here and will stay in longer term with the hope that they can achieve their goal of being in the ASX200 in 3 years.

Look forward to some positive news on an earnings accretive acquisition.