facebook will change the sector

Despite the tech correction we had to have, Facebook is delivering brilliant profit results in you guessed it, mobile advertising!!

MBE is trading at a PE of around 20 which is slightly above Woolies at 18 which is not the same growth stock. Once the unprofitable and unsustainable stocks have been weeded out and devalued appropriately, MBE's high profit and incredible growth story will hit home, much the same as Facebook is doing IMO.

With Perrennial now holding 19.6 million shares and other funds loaded up, it's pretty obvious they have done their DD and believe Thorpey will continue to deliver greatness including other OS carriers.

If he lands more in the US, the profit will be quite extraordinary, not to mention the SingTel revenue (via up to 462 million smartphones) which hopefully will come through in the few months.

As big Kev once said, "I'm excited!".