It's fair value at current price. If you believe management words and they do meet forecasts than there's some upside. The 2017 forecasts does appear aggressive considering we are not even in that calendar yet and top line growth has slowed over the past 2 HY periods. imo
News: MUA Mitula sees FY17 EBITDA between A$17 mln-A$19 mln, page-5
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