Dogpigtiger,
EV is just 4.9m.
In the quarterly they anticipate doubling of revenue.
Yes not massive, but looking at outgoings, they could end up with a small postive Cashflow not to far away.
It does add some safety to buy.
If it's around 300k pa, on 4.9m EV, that is not bad as Cashflow would be 6% against the EV.
Ann: BPH: PEP 11 Update, page-11
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