Well it didn't take long for the upgrade to come with Blue Ocean placing a near term target of 30c and a strategic target of 60c which is music to my ears.
$31 mil turnover this FY and EBITDA of $5 mil.
Upside significant if they replicate the Aussie formula in the UK leading to EPS of 3c. Correct assumption.
International revenue now at 6% and growing to 10% by June 2015. Lovely.
You had better put your buy order on in the morning Q as the pendulum is swinging champ.
MBE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held