Points taken there, still concerned by sudden drop in the run rate however and how used to own ED?
Chances are they will set back up and operate on skinny margins once again?
I don't see a lot of IP in the business and could become a race to the bottom for margins down the track.
Happy to sit out as at present needs a $60 mill cap raise which will take enterprise value closer to $300 million and on NPAT of $20 mill (if achieved) a PER of 15 which for this sort of business is about where it should be. Paying 15cps in dividends in 2016 though say may lift SP above $2. Lot of water to go under the bridge until then however.
Points taken there, still concerned by sudden drop in the run...
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