preopen, page-19

re: whats it giong to take for 15.... Jimmy - "Start quoting NPAT forecasts, not EBITDA"

I agree 100% with that. EBITDA lacks credibility - was appropriate to use when they were financially stressed - but that is 3 reporting periods ago now. Time they used NPAT.

But can't be too critical - they have done a great job and I had some doubts about their acquisition strategy and whether it would be too aggressive. Gotta give credit where it is due - and these guys have done a great job and looked after shareholders interests and not their own pockets.

The share price will eventually reflect this as long as they continue to perform like they are.