It's all about the results. If they hit $20m NPAT with guidance...

It's all about the results. If they hit $20m NPAT with guidance for anything about that - perhaps some commentary around increase debt ledgers purchases - then $2 is a very realistic level. it would be a PE less than 12.

I think the market has lost faith in management so a multiple of x12 might not be handed out this reporting period. I'm not really sure what's possible to be honest with the upcoming report. After such a sustained decline on the back of management watering down expectation I think it is dangerous to assume to much.

I will be surprised if we hit the top end of guidance but hey we can hope