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clock Created with Sketch. 03/07/17
23:31
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Originally posted by Jimmy_C
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To be honest, i don't consider FY17's results to be particularly important as they don't properly reflect what's going on in the business - the FY17 results will show the full cost impact of the significant expansion undertaken since FY15 (i.e. the overhead/admin costs of the business have increased significantly will be fully reflected in this year's P&L), but the revenue side of the equation associated with the business expansion won't start coming through until FY18 given there's an average of 2+ years from case selection to settlement.$68m. $33m 9.1x
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Whilst I agree that this win today does little for medium to long term valuation, it should have a significant impact on short term sentiment and valuation. They have just added 22.5M of their gross profit of 66M in the last week of the financial year, ie. an increase of 50% of where the market thought they would finish.
