Ann: Half Yearly Report and Accounts, page-2

Adjusted EBITDA of 4.4M is up 65% on previous period. If like me you dont like EBITDA and prefer Operating Cash flow which in this case is similar to free cash flow as their are not a lot of tangible assets. Operating Cash flow of of 2.7M is up 400% on 0.68M previous period and if you add back capital gains tax paid on Red Hill shares you get a Adjusted Operating Cash Flow of 4M. I am going to take stab at Cash flow for second half of 3M up slightly on last years second half of 2.7M ( but below last years adjusted second half EBITDA of 4.8M). Then you will have FY19 Operating Cash Flow of 7M = Cash Flow Per share of 5.5 cents which makes for a pretty low PE. I would say worth holding onto ? Any thoughts ?