Good question. Thanks for asking! Let's ask Petra, shall we?...
"The outlook for Alexium remains bright, with Alexicool continuing to make significant market inroads. An exciting new product development in cotton flame retardants (Alexiflam NF) complement the existing FR suite, but has the potential to be a genuine game changer in the FR cotton market (US$150-200m size).
Our price target A$1.10.
Trading at c9.5x P/E in FY19F, just two years out is very attractive with the current share price representing a very compelling entry point. We maintain our positive stance, and with over 100% upside to the current price, we maintain our Buy recommendation. "
Ann: Preliminary Final Report, page-112
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