Well I'm trying to focus on my day job and failing miserably. I've been banging on about the smart funds that have been loading up via the into bid and subsequently stealing the cheap shares off the impatient mums and dads with their deliberate sell at the close routine.
The top 36 now own 87% of the stock which is incredible and also shows how fast this thing will go when the penny drops.
Singapore dropping $596K in 3 weeks not only proves MBE has successfully integrated onto an OS platform, but can extract significant revenue. Remembering this is only one market in their 462 million customer network. Frightening.
The NPAT has increased 638% which is quite extraordinary.
I am very pleased I held my nerve during the 18c routine with the EPS bound to hit a min of 1.6- 2c depending on OS IMO which will send it way beyond 30c SP based on real numbers plus OS growth.
This is a game changer IMO and perhaps a reason for Mr Q to buy a few of the remaining 13% outside the top 36.
Well done Thorpey!!!
MBE Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
