Ann: Annual Report to shareholders, page-33

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17/10/15

10:11

Post #: 16196789
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Originally posted by qqqqqqqqq ↑

''Well revenue is down by more than 23% in Singapore so something not right there at all, especially seeing its a market which is still in its infancy. We should be seeing substanial increase in revenues. At this stage it looks like the Singapore revenue wouldn't even cover our expanses in this location.
The revenue from NZ is down 6%, again what is happening in these infancy markets that we are already seeing a decrease in revenue when we expected increases as its still very early days.''

Great points Kitehigh
Well worthy of major discussion and imo raise many concerns going forward.

IMO, mbe has not proven any success with their business model on a global scale

U.K. is a large market but will require significant advertising and marketing in a sea full of competitors

IMO. Management remuneration and bonuses are linked to easily achievable EBITDA from acquisitions

DYOR

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International revenues are now 14% of total revenue.

What would you call 'success' ?

MBE Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Annual Report to shareholders, page-33

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