Hey Schura, I’m sure I’ve seen it mentioned before either by MWR or an old broker report - can’t reference it though so like you I could be wrong.
I see Europe as more likely vs the US as the next market and this is in line with their strategy. That might sound counter intuitive but the group simply doesn’t have the resources right now to hit the US IMO. The market is simply too big. With Europe that can try one or two of the major markets there. Vodafone also has a larger presence in Europe so I think a partnership of some sort is how they make it work.
I’ve been somewhat conservative in my analysis but I’ve assumed first sales in a new market happen in 2H22. Personally it’s more likely to happen sooner but I prefer to keep my vals conservative rather than overly bullish given it’s my money I’m investing
MWR Price at posting:
17.0¢ Sentiment: None Disclosure: Held
