Ann: Annual Report to shareholders, page-8

''You can't incentivise someone on something management can't control and that's the share price. It's common sense.''

Benjamins, totally disagree - show overseas EBITDA and share price will move..

Management can control share price if they perform in the areas/markets the Stock market expects or wants to see.. M-payments global network

IMO, the market does not like or approve of their approach for the past 24 months and hence share price 20% plus below Late 2013 levels- hence underperformance.

The market will imo reward growth in EBITDA from overseas revenues and by the current share price performance of late, it is clear that MBE is in the very early stages of overseas development and continued expansion and other costs will continue for some time yet

Management has highlighted how overseas revenues are growing in general and broad terms but imo the market wants to know when profits from overseas network will be forth coming

Huge difference between revenues growth and actual profits NPAT both here and abroad..