Another prudent step in the OS expansion which is in progress. Again with minimal fanfair which is why the SP is frustratingly flat.
For those who can read between the lines, MBE are obviously setting themselves up for Europe's carriers in addition to the US and SE Asia.
With downside risk of say 2c on a PE of around 20, if you haven't loaded up by now, you are about to miss a golden run IMO based on a growing profit contribution and likely OS deals that will dwarf the Aussie market (with 100% of current revenue).
This is why the fund managers have invested heavily including Perennial with 19.6 million shares. Not for their good health.
Sure looks like a duck to me in the fastest growing sector with zero debt and major upside.
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