Ann: Half Yearly Report and Accounts, page-41

I don't believe it's hard to see why. I'm starting to feel like Christian Bale in The Big Short where he's figured it out ahead of everyone else and is getting frustrated. I might go buy some drumsticks.

The current average P/E for the market is 17, but for growth companies generating profits the average would be higher; likely in the 20's. If we use some simple maths to forecast figures for second half this financial year you can see that currently puts ECS on a P/E of only 10.5. The 126% multiplier for revenue is the average increase in revenue when comparing H2 to H1. I consider this conservative as revenue for H2 this year will be much larger than anything seen before given the 60% increase in outdoor cultivation that will be harvested. All of the new contracts also started in Jan which is the beginning of H2.

And yes, this is using the new SOI amount from the cap raise.