Ann: Interim Results Announcement-APO.AX, page-111

SP very under value now. theres literally 150-200 large format billboards over a 7 year time horizon to digitise. 25 per annum run rate. APO has the highest quality billboard network of course, at IPO this pipeline was stated, and has appeared to be forgotten recently(they no longer highlight this in presentations for confidentiality reasons).

its profit will be a lot higher than current levels. on 17 earnings its only 14 times earnings which implies very little growth now.