vei - value for money - not compared to japan, page-6

I have a valuation of a similar amount of .40 - .43 cents

I base this on a few factors,
167m shares on issue,
Still 69m in debt,
History of debt laden company, not being run great
However the core business is good cash flow generating
No dividends being paid
Still 10 m of debt per year of debt repayments
Next year NPAT of 10m , 8.1 same as last year, plus 1.4 m ish of interest savings

Most importantly my rate of return is 15%
So mashing all these figures up, I come up with a figure I would invest at .
I could be right or completely wrong, but this is what I work on.

In the future a 10x ebitda is possible. once the business has stablised and a few years of good returns, I figure it could get to this.

I like my MOS to make returns, there are plenty of average investments, I ,ll wait for a great opportunity

To me price is the difference between an average investment and a great one. Regardless of the underlying business