I think FY22 revenue would be conservatively 40-45M, so we might...

I think FY22 revenue would be conservatively 40-45M, so we might be trading at 1.5 x FY22 revenue. Since ppl is expected to generate net profit this year, PE may be a better way to measure the business. Assuming it will get an NPAT of 2-3M, with 50x PE (which I think is a very conservative value because I expect npat to grow to 4-5M or even higher due to UK expansion for FY23) the market cap should be at least 100-150M. So I think it's very cheap now compared to either its peers or many other tech companies in the market.