AHX 0.00% 39.0¢ apiam animal health limited

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  1. 301 Posts.
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    I brought more at 55.5.

    I think they should be on approx a P/E of 10X FY19 numbers assuming they continue growing revenue modestly and improving EBITDA margin.

    They had a decent chuck of IT and system upgrade costs which was expensed in the P & L and the rest capitalized. Hopefully won't see those costs again which should mean FY19 will be much improved.
 
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