Chris Thorpe has certainly fallen on his sword. However, I don’t feel it is fair to lambaste him in hindsight about value destruction. We, at least a fair few of us were cheering him on as revenue from DCB grow quarter on quarter. Sadly, the growth came to an abrupt halt and to the credit of MBE, they acknowledged the problem and promptly changed course rather than throwing more money at it to try and solve the problem.
Still holding and hope performance marketing steadily brings in the cash.
MBE Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held