Thanks @Jimmy_C
You've cleared up some of the mist in the air. If RUL is truly being valued at 4x the software division's earnings then this is one helluva rocket if everything falls in place! I expect the revenue will take a temporary hit due to the shift into the subscription model then will probably increase steadily from there.
Here is an awesome article by Rask takling about the valuation of RPM: https://www.raskmedia.com.au/2020/04/08/unearthing-a-hidden-asx-tech-share-epic-post/
If RUL dips a little bit more below $1 I will probably take a bite of the pie.
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