With a projected $20mil full year EBTDA EML is trading at a...

With a projected $20mil full year EBTDA EML is trading at a decent multiple for a MC of $400mil. I think many investors were turned off by the underwhelming growth in the last 2 qtrs, and the outlook for this coming quarter also may be slow. To maintain such a high multiple, I think many investors will want to see faster growth. It appears fund managers who know management have better knowledge of the company are fairly confident that these forecast deals will transpire, and its a matter of delayed execution. Thats re-assuring, and is what convinced me to buy today. Good news is that 90% plus seems to be re-curring revenue, and with a large cash position, this company seems fairly robust making it a safer long term hold in comparison to other companies in the small cap space.
An article in the Fool today: https://www.fool.com.au/2018/02/21/why-the-eml-payments-ltd-share-price-is-down-21-today/