Banking numbers were poor (internal forecast was 25% growth), Wealth was okay. Back of envelope conservative calcs I'm now thinking $17m EBITDA for FY15. This allows for 50% forecast growth in wealth, and no growth in Banking or Mortgages.
Even on a PE of 10 we're looking at $.50 share on 17m, and that's pretty conservative given potential synergies and future prospects. Will have a proper read through tonight.
RFL Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held