Value, page-13

Fair calls Pandev - XRO is an OK comparison I guess -

I am happy for you bring your point of view on this thread and agree healthy discussion either way is good - you do realize the revenue run rate here is looking at around $24mill plus USD by end of year? So with exchange rate where it is, add perhaps up to 40% to that (AUD will be lower buy EOY) lets say $35mill AUD - on your basic comparison that would give 1pg $700mill by EOY? I think your 20x revenue is probably right...could be a little too high?

I think XRO is a fantastic business, but totally different market - SMEs as opposed to multinationals (though 1pG could end up creating a package for SME down the track)

XRO is a ground up build - 1PG going straight for the jugular so to speak...