hi Longshot, i like this Lets see who's correct with the SP...

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06/12/16

11:46

Post #: 21134210
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Originally posted by longshot41 ↑

Roweka, you are certainly the glass half empty guy with Q and I'm the glass half full guy I think it's fair to say.

If you look back at my posts over the last 3-4 years, you'll see my predictions about the companies ascendency have been pretty close to the mark with the SP disappointingly not following it as fast. They haven't put a foot wrong until now with the losses going from $290K EBITDA, $2.14, $3.15, $5.09 and $9.5 mil. This FY will be over $8 mil which is hardly ordinary.

EPS lifting from negative to 0.2, 0.4, 0.8 and 1.26c, again pretty impressive with dilution, bonuses, CR's, earnouts all paid for and included.

Whilst the SP can certainly go down, it is far far more likely IMO to rise back into the 20's with their OS growth and DCB overtaking Australia a very clear indicator of their turnaround and maintaining similar or greater EPS numbers this FY with 6 full months to go.

Plus they are getting $1 million R & D back into this FY's figures which is incredibly handy.

They have no plans to raise any more cash or dilute the shareholding, especially after they were smashed at the AGM on that very issue. They don't need to as they have $10 mil in cash, another $4 mil in the CBA loan facility and they are cashflow positive with organic growth OS confirmed.

This is very similar to 3 years ago when it was at 13c. The big difference is MBE has around 25 deals and partnerships and turnover heading to $100 million which is why I believe the SP is way undervalued despite the recent "speed bump" IMO.

Lets see who's correct with the SP direction, especially in 2 years when MBE will be a serious global DCB leader according to their CEO.

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hi Longshot, i like this
Lets see who's correct with the SP direction, especially in 2 years when MBE will be a serious global DCB leader according to their CEO

will lock my 1.1m shares in 2 years...............

MBE Price at posting: 12.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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