evans and partners downgraded firm (only 2 brokers follow)
revenue down subtantially because of record profit last year (initial stocking of UK)
they had a 2.4m earnings uplift from acquisition of ADP, strip that out and results are only marginally up
good thing is that the profit is actually hit by a one off of 1.6m for the non recurring tax losses
pretty cheap, i think approx 11-12x ev/earnings
with growth
unwarranted selling
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