Solid numbers Veecat. I think we can also factor in some one-off costs such as consultancy related expenses with each acquisition. Either way, fundamentals are very sound I can't seem to find any significant headwinds to growth although the rate of growth will slow to a more sustainable long term level over time. What I also want to point out is that in the current low interest rate environment other relatively defensive sectors with stable dividends are trading at 20-25+ PE ratios. There's no reason why GEM can't trade at a similar multiple with its high growth profile. I still believe we can easily see NPAT growth of 20-30%+ for the next few years.
Cheers
GEM Price at posting:
$4.22 Sentiment: LT Buy Disclosure: Held
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