That's right Q but you would have to be quite interested in yet another solid purchase which will add another $600K to the bottom line on top of Singapore, Swisscomm, Performance Factory ($1 mil), games subscriptions looking huge, advertising likely to be growing and the Australian/NZ contribution.
Thorpey will get a 45% return minimum on his $2.2 mil outlay for Performance Factory. Now he'll get a lazy 43% return for Eggmobi which sure beats the 5% he would be getting in cash management with around $6.5 mil still in the bank Frank. And something quite rare, ZERO debt!
They will not only deliver these returns but will also likely add further sales for MBE as they are a "perfect strategic fit" according to MBE at the AGM (regarding PF).
For the slow learners, the management are methodically putting all of the building blocks in place for an outperformance in 2015 IMO with a very impressive line up of products with high margin, global partnerships with swift scalability and the mother of all markets UK ready to roll hopefully in May or June.
A lovely Christmas pressy from the MBE team who should be very proud of their achievements this year with one hell of a celebratation in 12 months from now I recon.
All the best to all HC posters who are certainly pretty interested in this stock.
MBE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held