If you read my thread again, you will see that all the points I mentioned will happen over next 2 years, including some large and small acquisitions which all together will produce $50m ebitda in 2020. If you look at consensus for 2020 that's actually not a big ask if they can acquire $10-$15m of ebitda by then. And I agree the selldown looks terrible now but I do believe the directors are not crooks.
Ann: Half Yearly Report and Accounts, page-22
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