Improved EPS this FY

Reading back through the report, I get some faith in Neil's very clear view on their improved EBITDA and EPS this FY.

" The superior EBITDA margins provide a stronger platform to deliver improved earning per share."

"MBE's operations have now been significantly de-risked and the company looks forward to providing shareholders with details on its enhanced digital performance marketing offering very shortly".

"Based on the current operations, the company believes that, off a lower revenue base, its EBITDA performance for FY 18 will be improved over FY17."

So we've got an update coming "very shortly", we've got EPS lifting and the AGM is in November which will have some new direction and presentations to get a feel for just how much the EPS will lift.

Like before the SP has followed the actual delivery of EPS with a PE of 15 applied to 0.36c right now.

Lets hope they can turn the ship around swiftly with the EPS lifting sharply given the increasing EBITDA margins and a lot less depreciation and write offs this FY.

Very little downside in the SP right now based on the above IMO.