Its a good point, and one that people may be overlooking because most of yr 1 earnings will be PRRT free as AED will be carrying fwd around $150m+ of losses that can be offset before PRRT needs to be paid.
Therefore year 1 is somewhat abnormally profitable (by 40% of $150m). Mind you with all that cash rolling through the doors I'm sure they'll be able to fund additional profitable activity to maintain or grow their earnings stream
Cheers Zinc
AED Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
