Totally agree. A three percentage margin is approx. $14 million in NPAT, which is PE of 4.
Given the additional scale of this business, and existing exclusive brands, I agree that a 4% margin realistic. Plus factor in that many people will be road-tripping for holidays instead of overseas travel. 4% is 18 million and a PE of 3.
Exciting future...
Totally agree. A three percentage margin is approx. $14 million...
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