so now we know it is an $8m npata company. Not even a $10m one....

so now we know it is an $8m npata company. Not even a $10m one.

Yet the price has gone up. I still think people look at the irrelevant $22m npata which has nothing to with shareholders. Profit may show a big increase over 6 months, but have a look at the increase over longer periods. There is not sufficient evidence of a model that will see npata get to $20min a hurry.

And as for a share buy back over 2 months while borrowing money to grow? This is trying to tell the market that the shares are underpriced at 43 times npata with $70m of debt that is 8 times npata and about to go to $90m.

And as for global expansion? Ever heard of ABC learning?

really?