Beany, it will probably go down no matter what but the rising EPS will drive it through the 40's and 50's pretty quick IMO as they are heading for an EBITDA of over $20 million next FY which equates to 3.6-4c per share. That's a conservative SP of 96c champion.
When this becomes apparent, hopefully with the 6 monthly update, then it will be re-rated or will become the cheapest growth stock on the ASX with zero debt in the hottest tech sector in the world.
Patience will be very handsomely rewarded with MBE and we may very well be struck by lightening if the OS organic growth is as strong as Thorpey has articulated in the last few updates.
I'm expecting a beautiful set of numbers which will further underpin the SP.
MBE Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
