ECX - $78 million net profit after tax for FY2018.
Current Market Cap $180 million. This business CAN make money.
Remember, MMS implied takeover valued ECX at $916 million.
Would you pay $916 million now? Of course not. MMS had to justify to their shareholders why they were interested in the first place. But ECX at $180 million market cap now? Seems oversold in a big way.
