Well, I am stoked with the results. A solid beat of guidance....

Well, I am stoked with the results. A solid beat of guidance. One thing I found interesting is they didn't quote "underlying EBITDA", although we know adding 4.2m would give us that number. This was probably a considered decision and indicates their possible intentions with opex going forward. I think that is the only real concern regarding near term earnings. This is immaterial considering they could turn the tap off and be a cashflow machine. Growth is far more valuable at this point.

It has been a terrible last couple of days (and month) in the US, so a lot of caution has found its way into MBE. A classic example of why we should focus on the fundamentals and not the doom and gloom commentary or volatile share price. If the sentiment now was the same as it was 6 months ago we could have hit 50c today.

This is an amazing chance to accumulate a quality company. How overweight to go...