Ok, so on the ASX there are a few tickers that deliver services...

Ok, so on the ASX there are a few tickers that deliver services similar to NNG.

The ones that come close are FSG, COS, TNT, ATA, SOC, FCT, SOV, MAQ, ABB & ST1.

Eliminate those that dont appear to generate cash from operations (ie the cash flow statement shows a -ve number before capital transactions) and you get

FSG, COS, TNT, ATA, SOC, MAQ, ABB, ST1.

Eliminate MAQ and ABB because their size is inconsistent with NNG's and ST1 because its and you are left with:

FSG, COS, TNT, ATA, SOC

That group trades roughly between 1.3 and 1.9 x revenue on avergae over the past 6 months.

Note that this is just my rough logic behind selection of the peer group. The numbers might be completely wrong but nontheless, the peers are worthy of compairson with NNG as a guide IMO. Point being that you can eliminate almost all other tech stocks on the ASX if you need a place to start with for a relative value calculation. Just make sure you DYOR.

Regards