Walden ... I agree it's not cheap based on the Aussie business at present.
That aside, i suggest u look into their cash flow for the past 2 six month periods. I also suggest u look into how income is accounted for and received. Finally, watch the 5 minute video posted above.
When watching the video it clicked for me as to the likely reason they put such boring and long "presentations" on asx. Something to do with the dollars they spend on advertising.
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