Correct Mr Goblet, the entire world with over 6 billion phone accounts (compared with 2 billion c/cards) are rapidly moving to smart phones (especially in SE Asia) and rapidly paying for products and services on their phones.
MBE have an outstanding grasp on this with over 10 years of IP which they are carefully rolling out via all global major telcos and are the "go to" exclusive company for Telnor which has plenty more regions including North America. And the want MBE into "all" of their zones according to management at the AGM.
The market has the jitters and all irrational humans are selling including MBE.
The fundamentals are still very strong with MBE with a rock solid balance sheet, high quality products and a huge global reach which will ensure rising EPS once they overcome this integration issue IMO.
A very handy buying opportunity at these over sold levels IMO.
Correct Mr Goblet, the entire world with over 6 billion phone...
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