I was just listening to Q&A session following the FY16...

I was just listening to Q&A session following the FY16 presentation. What interested me was the forecast EBITDA for FY17 of c$540m put forward by one of the brokers/analysts.  The CEO would not validated it but said there were some additional marketing costs that may need to be factored.  The broker's view was these costs could be around c$10-20m.  Taking these costs into consideration, the EBITDA could be around c$500m in FY17.  This is higher than the run rate of $95-100m achieved in Q4 FY16.  I suspect the business could surprise on the upside.

http://www.openbriefing.com/OB/Vocu...2016/8/23/FY16-Result-Investor-Call/2271.aspx

Forward to 48:00 minute mark to listen to the relevant Q&A

DYOR