TBH i see price sensitive as being price sensitive in the day - these announcements are not. They are however price sensitive over years. It'll be a while before these businesses are profitable.
What i really want them to say is, "MBE is expanding it's mobile payments business into Hong Kong initially with an option to expanding into China" - or something to that effect. I believe they are having conversations with Hong Kong/China telecoms right now - hence their investor presentation in Hong Kong and their expansion of the performance marketing business there..
We have seen the transformation of SMA with their mobile payments infrastructure into China. I a move into the Chinese market by MBE being similarly transformative.
MBE Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
