Thanks for that nihilism. Very good points which I should've picked up on my quick scan late last night. Also conscious that they're not paying any tax and won't be anytime soon by the look of it. Agree that they're going to have to pull some serious growth to justify their PE and am comfortable with that based on their performance to date, acquisitions in the pipeline and their general outlook. I view it as a bet on Robin Levison doing what he says he's going to do. So far so good.
Ann: Appendix 4E for year ended 30 June 2015, page-6
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