good catch. thanks.
not sure IRESS is a great comparable. but does show inherent value in the business I guess
this year was about stability which new management have done. now they need to extend this whilst trying to grow the top line over the coming years, I do worry though they will have to invest more and reverse some of the hard work done to expand the top line.
either way, with peer multiples I can see this at 1.30-1.35
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9 | 4162 | 1.300 |
6 | 5677 | 1.295 |
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5 | 5459 | 1.285 |
Price($) | Vol. | No. |
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