Apologies, I was quoting off this AFR article.
http://www.copyright link/business/...-announces-accounting-changes-20150827-gj9lw3
You are correct that $67M is the EBITDAW figure in 2015.
Still not a bad result for a company valued at $260M.
Assuming a 50% cut to EBITDAW, that's still $100M.
No disputing the poor management re: Quindell acquisition, communication etc.. However, hasn't the share price already been marked down to reflect this? It's basically been valued at liquidation now.
Apologies, I was quoting off this AFR article....
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