Agree. Problem is many disillusioned investors that believe the margins will scale like a SAAS business (wisetech,acconex). Rev multiple for these kinds of margins wouldn't be above 3-4x reasonably. That's my view anyways. So at 100m revenue the company is somewhat fairly valued at current revenue streams. Always upside possibilities but the current business is fairly valued for now (100m rev for fy18 is not conservative by any means either). That's my view anyways. You can cross check it with a DCF if you like (which I have done).
BIG Price at posting:
$2.38 Sentiment: Sell Disclosure: Not Held
