Ann: 3P Learning Investor Presentation FY2015, page-5

Mate, plse don't post stuff unless you know what you're saying, it makes you look like a complete rank amateur that no one will ever listen to. Firstly I don't hold any shares but the result was good (wasn't fantastic) as the underlying numbers (that's the key here as you are looking at a declined profit on the back of one off costs associated with IPO and acquisitions) were fairly strong with NPAT up over 20%. On those metrics it's actually trading on 25x earnings which is not cheap but that's the price u pay sometimes for a growth story of >20%. Seems like outlook is fairly positive so expect the PE to come down. For me it was always over priced upon listing but did take a punt on higher growth. Unfortunately was expecting much more bullish performance which didn't eventuate.

The 20% NPAT fall was statutory (IPO costs were $9.4M expensed). Have a look at the explanation in the Annual report and u might learn a thing or two. And as for Timothy power sitting on as an observer. Meh....