I'm here Q, relaxed and quite confident after speaking with Neil and Ian at the AGM.
They are flicking non-core assets and setting the company up as a global digital marketing company which is what they were going to do 3-4 years ago before DCB distracted them with the lucrative global take.
They will make more EBITDA this FY than last and cashflow positive so your money is safe and downside risk minimal IMO. It's all about the delivery now and just how much more EBITDA and EPS they can achieve this FY.
The 6 monthly update in Feb should tell us more about this trajectory with a pleasant surprise on the upside quite possible.
In the meantime I'm not giving up my day job which is keeping me extremely busy this side of Santa. And of course drinking plenty of Carona in preparation for my slab which is coming back to NSW next August hopefully!
MBE Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
