@vic_wattle, if you back out the cash and listed shares, the current P/E is more like 5x.
Now, Hosken aren't about to distribute all that money to holders, but that shouldn't be too upsetting. Since getting on board they've shown themselves to be fairly canny and selective investors, who will put the funds to good use when the opportunity arises.
@vic_wattle, if you back out the cash and listed shares, the...
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