Ann: 2021 Annual General Meeting addresses, page-2

I did not know total TAM was 70 million. A long runway for growth left indeed. ofcourse by the time they get close to having a large chunk of the market share, the pie would have gotten larger since the broader IT industry is continuously growing. Add to that improving margins that come with scale and tge future is looking bright. This company has to go atleast in the top 10 companies on the ASX in terms of proven management, sustained growth and surety of sustained growth over mid to long term. In the current environment, PE is relatively attractive and depending on how much growth they have this year this PE could look very attractive in hindsight.