I haven't got a crystal ball. I was referring to technology...

I haven't got a crystal ball. I was referring to technology advancements meaning a small PE (imo) should be applied against tech companies such as 1pg. It could come from new technology or risk around their data gathering. I think investors get caught up in hype and need to take a step back and determine whether cashflow profits in the future justifies a particular valuation.

I think 1pg has a long way to go before cashflow are predicted with any certainty. For a mkt cap of $300m, in this industry, I'd want to see NPBT of +$35m.