The acquisition on the leasehold of the Westmead Rehab Hospital...

The acquisition on the leasehold of the Westmead Rehab Hospital takes anual turnover to about $45 million and estimate EBITDA to about $5.2 million. They have increased turnover and profit without any increase in debt and, seemingly, no payment for goodwill. What a deal!

Of course the share price has responded this morning going up 15%. Even at that price they are dirt cheap. Just compare the estimated annual EBITDA to the current market capitalisation of $15.6 million. That puts them on P/E 3:1.

My new target.....$0.42