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Mondo TV has radically improved its financial profile over the last three years and targets a tripling of EBITDA over the next five. Funding is in place and the new strategy is underpinned by a number of shows with high-margin licensing and merchandising potential. Announcements of additional licensing deals or significant new partners should help build confidence in the deliverability of its ambitious targets and close the 20% FY18 EV/EBIT discount to peers.

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