With the new verticals growth in revenue is probably going to be closer to 40% and costs are not going to go up as much which will result in growing profit margins...
Most people when crunching their numbers are not taking into consideration the margin growth.
Personally i think they can easily do $25m+ ebitda
Insurance + mobile plans + NBN are gross commissions... imagine in a few years when they are pulling $20m+ gross commissions on each of these ventricles...
No wonder the fundies hit up Kogan for shares at $3 instead of waiting around...
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