There’s definitely upside here and it doesn’t look like it has...

There’s definitely upside here and it doesn’t look like it has fully re-rated yet. I’ll keep digging into the products too but just be wary you don’t get stuck in a value trap once it has re-rated.

Ask yourself, what needs to happen for this to be a +$100m market cap business and is there potential for material profit growth in future years. I’m unclear on this at this stage.

I’ll tag you in a couple of other names you might want to look at once reporting season is out of the way