I haven't invested but I've been doing some research on this one. If they can open around 8-10 facilities across Australia then we would start to see EBITDA margins expand. Recently came across an independent valuation on IDZ which gives it a 37 cents valuation, however, this only accounts for opening facilities that have been announced.
https://www.shareclarity.com/Companydetailv2/showDetail?ticker=IDZ.AX
https://www.shareclarity.com/Companydetailv2/showvaluation?ticker=IDZ.AX
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I haven't invested but I've been doing some research on this...
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