Ann: Flash update - Profitable FY23, page-9

Patience will be repaid here.
The business is growing, and every additional customer adds value, and is one fewer any potential competitor can secure. The time for a rerate is approaching, and will be underpinned by quarterlies showing profitability.
At the moment, there are some buyers dithering over whether to buy now or see if they can wait a little. I suspect they will be disappointed they didn’t hold when the share price starts moving, but they will begin piling in when the price is appreciating.

This is a sustainable, growing business that is easy to hold. That it is also a likely takeover target at some point helps.