-Here is a little NPV calculation with a 10% discount factor we...

-Here is a little NPV calculation with a 10% discount factor we get a stock price of $7.65, PE a modest 6.2;if it moves to the average market PE of 15 we would have a share price of $18.47.
-this computation uses figures from the half year results, revenue growth at 45% to yr 2025 then nil growth, Gross margins at 82%, fixed expenses at $72m pa.

NPV at 10%
$M	2019	2020	2021	2022	2023	2024	2025 on	total
revenue	72	104	151	220	318	462	669
revenue Growth %	45%	45%	45%	45%	45%	45%	0%
GM %	82%	82%	82%	82%	82%	82%	82%
Gross profit	59	86	124	180	261	378	549
Fixed exps	-72	-72	-72	-72	-72	-72	-72
PL/cash flow	-13	14	52	108	189	306	477
NPV at 10%	-13	12	43	81	129	190	2960	3403
Shares on issue								445
share price								$7.65
PE							6.2
Implied price at PE of 15								$18.47