Ann: Another record quarter delivers $11.2m ASR, up 315% YoY, page-19

PSS - For what it’s worth here is my personal thesis here.

Every stock has its own model and trajectory - you can’t simply draw comparisons with other stocks you have to understand the model.

Every stock carries a significant degree of risk - some more than others but you need to understand that - things can and do go wrong - it’s the risk you take.

I am an investor - in this one long term as I believe the growth story to be promising - it may or may not eventuate but I like what I see - you may not which is fine by me.

For where they are LVT seems fairly valued - I am anticipating continued strong growth which will rerate it higher - if that doesn’t eventuate then yes there would be a problem here.

Each to their own a so long as you understand your thesis clearly...