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Jun 18 2018, 07:30 IST/BST
Datalex remains on course to achieve its ninth consecutive year of double-digit growth in adjusted EBITDA. The necessary conditions for such performance – a growing niche, a scalable model and management focus on execution – remain in place and while the capitalisation of a strong pipeline remains a key variable, we are encouraged that the opportunity set continues to grow. At slightly under 12x FY19 EV/EBITDA, we continue to see Datalex stock as representing growth at a reasonable price.