Sorry correction i miss read that first paragraph. please disregard the first part of my response. You are absolutely correct its EV is sitting around 100m. I think around 1.5 to 2 x EV/REVENUE will start to look attractive. The next Qtr numbers will paint a clearer picture as to how the business has been accepted by the public. NABs online retail survey shows a large decrease in the online trend which is worrying. However as a user of Mydeal i actually like their product offering. They have evolved their website over the last year and i think it will become a household name going forward. It has a long runway for growth imho and I am holding for the long term.
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