So come the beginning of FY18, they should be getting revenues of $5m per quarter, with outgoings of $2.5m. That's $10m cashflow per annum & growing. Let's say net profit after tax of $7m & growing. Apply a PE multiple of 30 (since it's a fast growing business) & you get $210m. Definitely a hold imo.
So come the beginning of FY18, they should be getting revenues...
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