Ann: AGM Presentation, page-9

No, more like 1%MSF * 1.5bn = 15m plus 1.5bn*1%EMA = $15m gives $30m total revenue less costs 7.75m = 22.25m, EBIT for FY20

Or if you assume a higher MSF, then 1.3%MSF * 1.5bn = 19.5m plus 1.5bn *1%EMA = $15m, equals $34.5m total revenue less costs 7.75m = 26.75m EBIT for FY20 

versus guidance of 10.7m EBIT for FY19

At a market cap of $150m, the market doesn't really believe it will get guidance. If it does, the company would be more likely to trade on 20x + EV/EBIT multiples given the roaring revenue and profit growth

So happy days if JK can hit his guidance next year.