The aussie business for the last 12 months was ebitda positive to the tune of 43.5m already. The australian business is still growing rapidly and they have only just dipped into the US market. I fully expect them to be making that figure and more. That's only a 5 fold increase.
Now also factor in the large amount of capital they are pumping into expansion with half of group revenue being sales and marketing. One would assume that this % would reduce over time as they gain greater market share.
It's all very positive at this stage. This company wouldn't issue 105m at 13$ options if they didn't believe they could achieve that in 5 years. At the price before announcement of 7.50 they could have easily gone 9 or 10 dollars. This is a company putting their reputations and business on the line and that fills me with further confidence.
PBH Price at posting:
$13.03 Sentiment: Hold Disclosure: Held
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