The punters are starting to come out in anticipation of what Thorpey has been telling us about their OS significant organic growth across "all businesses". He went further recently to use the word "substantial" which can only mean the dollars are flying in the door IMO towards $60-65 mil.
He is either waiting for April's stellar figures for his update or is quite happy to roll out their various partnerships building towards the audited figures this August which will be very impressive IMO with an EBIT of over $10 mil and an underlying EBIT of over $15 mil. But an update would certainly fill in the blanks with another 4 months under the belt.
I'm very relaxed as always knowing their EPS is very likely to hit 1.8c this FY and over 3c next FY making 36.5c cheap no matter which way you look at the multiples.
Add to that they have so many revenue streams, all working with zero nett debt and you have a very safe place to put your money right now IMO. This is why there is some very nice accumulation, any further news will just add more cream on top.
Very exciting times to be an MBE shareholder.
MBE Price at posting:
36.5¢ Sentiment: None Disclosure: Held
