It's an interesting scenario, if you look at the previous 6, six...

It's an interesting scenario, if you look at the previous 6, six monthly numbers:

14/15

H1 Revenue $14m
ebitda $1.7m

H2 Revenue $18m
ebitda $3.3m

15/16

H1 Revenue $28m
ebitda $4 m

H2 Revenue $32m
ebitda $5.4m

16/17

H1 Revenue $27m
ebitda $2.1m

H2 Revenue $25m
ebitda $3.2m (based on today's announcement and the previous first half result)

Given the shock in late Calendar 2016, it would seem that the Ebitda has turned up in the last six months. The ship would seem to have been steadied and things are on the improve. At least, that's what the numbers are saying.

You will note that in the announcement today, they say "stronger earnings off a lower revenue base". Nothing wrong with that. I also like, "MBE's operations have been significantly derisked"

I will be very interested in future guidance, as I am sure all the longer termers will be. If the market senses they can get back to around $8m ebit with a reasonably strong growth plan, the share price will head north fairly strongly, imho.