IGNORE NPATA. Just think, why does every other company use...

IGNORE NPATA. Just think, why does every other company use NPAT?

Positives
Increased GP & margins
Looking at decreasing customer concentration to just 50% over the next twelve months (highly ambitious IMO)

On my negatives
Mark has stated they will be writing off intangibles over the next 5-10 years. He also appears comfortable with the debt, with the rates dropping in the next 45 days and interest expense likely the highest this FY.

Market looks to have made a bet on Friday that has not paid off. I think the market finds this company hard to value, there to a lot of accounting trickery to inflate the business value.

Comes down to:
A company growing GP this quickly, with an P/EV this low, doesn't go down 20% for no reason.

(Also, forgot to disclose above that I'm actually a small holder, I've updated my disclosure).