came across from being tv2 reference in their preso.
But note that they suggest a revenue multiple of 1.5 x
but they made a 5 m loss.
positive EBIT, for mine is what i normally look for when considering price to earnings ratio.
(earnings before interest and tax, therefore reflects the health margin of the underlying business)
all stocks have to address when they will be cash flow positive.
Thoughts & Questions, page-11
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