Good analysis. The other point is that they will also grow the bus at the same time as removing these losses. Hence Eps will likely grow more than what you have illustrated above. We could be looking at 35 cents of eps in the coming years at a 25 multiple. This would imply closer to 8.50 aud a share valuation.
A2M Price at posting:
$4.01 Sentiment: None Disclosure: Not Held
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