Finally some reassuring news from Neil and vindicates what I've been saying about the turnaround story this FY.
"MBE's financial position is sound."
"Well placed to deliver FY18 earnings growth".
So Q, lets hope they can lift their EPS to 0.50c so that slab come back north of the border, because despite your rhetoric, Neil is talking about EPS growth, not EBITDA only this time.
I believe now they have lost the large capital outlay spend of DCB with 6 month drag times for revenue, they are making plenty behind the scenes which will send the EPS back towards 1c and beyond moving forward based on a "de-risked" marketing model.
It's time to grab them at these bargain levels IMO, as the MBE train is heading north again, hopefully swiftly!
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