they usually provide some sort of trading update around this this. if ebitda of 75 mill is acheived then this thing is interestingly priced to say the least. https://www.marketscreener.com/NONI-B-LIMITED-6492544/news/Noni-B-Morgans-rates-NBL-as-Add-29641567/. the fact that they made an acquisition is also on my mind. if profits are 30 to 40 mill then it is incredibly undervalued. looking at its payables scared me, but after seeing that a portion could potentially be unearned revenue. it gave me hope. as always do your own research. but to me this is worth 3 to 3.5. and if sales turns around then its even more.
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