Well, look at it this way. Even ify achieved $400m at 8% margins it would be $32m ebitda.
Market seems to be doubting their strategy full stop. Market will have to eventually accept if they keep executing. Or at worst follow ebitda up over time will see materially higher price in 3 years even if no multiple rerate.
SEQ Price at posting:
70.0¢ Sentiment: None Disclosure: Held
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