Yes, something doesn't add up. Like how does a company that over a period of 2 years has a tax bill of $200m + whatever taxes already paid which would give it a yearly profit of over $300m/year based on ATO's 30% tax rate only gets to be valuated at $94m ? Typical valuation would be 5x-10x of yearly taxable profit so real valuation more like $1.5b-$3b
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
