Agree. And 17-18 could return $2M on a $3M EV (at current price).
Though I suspect they will use the excess cash (as well as bank funding), so buy a new asset.
They have reviewed over 100 bolt on businesses for EWRST and have signed 2 term sheets.
I would imagine the trading result for the current 6 months is mainly effected by expenses incurred structuring Urgent so it can be sold.
Ann: AGM Presentation, page-3
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