Q they are the biggest and one of the industry leaders according...

Q they are the biggest and one of the industry leaders according to management and the people I've spoken to over the last few years. I wouldn't be surprised if someone does make a launch for the company at these levels which is why I'm very happy to hold.

I'm not a CPA so I'm not sure about the goodwill value being correct or even relevant.

As u know I use the most common metric for valuing apples and apples and that's EPS (NPAT/no of shares) and MC (SP x no of shares).

MBE are sitting on a PE of 15 based on last FYs 0.36c EPS which is fine but doesn't reflect the likely increase in EPS due to increasing EBITDA, less write downs and managements expectation of their EPS rising in the report.

Deals like C2B and the Ad one only add to this likehood and SP appreciation my friend.