15/16 FY results, page-3

The biggest thing that will wake this up is that in 2013-14 and 2014-15 financial years the total income was roughly between $20 and $30 million.

With 2015-16 financial year and the estimates of ~$90 million PBT, we should see a solid, solid return. Because we have to remember that the Net Profit After Tax considers Base Expense that are essentially fixed (maybe a slight increase in headcount) and any additions/incremental revenues are straight to the bottom line as Pure Profit (excluding tax). So with 2013-14 and 2014-15 NPAT of ~$7 million each year, the NPAT for 2015-16 will be significantly higher since the income has gone from ~$20-30 million to $90million, in other words around $60 million+ NPAT or 30cents per share.

This is remarkable, had to run the numbers three times to see if this made sense. Definitely buying tomorrow.