Nicely position to benefit, page-50

I can't help but compare this company to SMS Management (SMX)

They play in the same space, T/O of 304.5m & EBITDA of 10.9m for FY17

SMX has a mkt cap of 120m + 10m in net debt; so EV of 130m ...

CNW is in track for revenues of 75m+ & EBITDA of 2.8m in FY18 & trading at an EV of 11m

(Note I'm extrapolating Q4FY17 REV & EBITDA of 18.7M & 704k for a full year REV & EBITDA respectively for FY18 given they haven't provided guidance)

So in a nutshell, SMX is 4x the size of CNW, but trading at 13x the EV ...

I suspect CNW will play some serious catch-up over the near term.

Just update the market with a new investor presso PLEASE!