Yes Beany there could be some funds mopping them up given the quantum. If they keep this impressive growth up they will certainly collect a few bigger passengers to tighten up the register and get it back to the good old days when the top 20 owned something like 70%.
Benj has found something very interesting in the margins increasing from 15.4% to 16.5% which is what is anticipated as revenues start to pump. Collison's recon they will hit 24% in 2 years from memory which will create the perfect storm in earnings as turnover heads towards $100 million and beyond.
This is why I'm off my face excited about this likelhood with this result just the entre of things to come. You do the math on an EBIT of $24 million in a few years if Collison's are correct with their conservative projections.
And the market says it's worth 22c. Are you guys sure you have enough in the draw?
MBE Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held