Ann: Gallery Facades awarded approx $62m of New Contract Works, page-2

Particularly for a business that was acquired for nominal consideration, Gallery Facades is going to make a nice contribution to FY18's results.

Assuming ongoing annual capex in the order of $6-7m and a near debt-free balance sheet post FY18's ~$10m hire purchase debt repayments, the business remains on track to return cash to its shareholders around 12 months from now, in which case i'd expect it to re-rate from its pro forma ~3x EBITDA.