Here's my hunch on the latest trading. There's been quite a lot...

Here's my hunch on the latest trading.

There's been quite a lot of time pass since MBE came up on the radar and a lot of instos have been watching, waiting until it could prove that its model could be rolled out internationally.

MBE has proven this as well as continuing to grow the Australian customer base and significantly imporivng the profit metrics like retention and customer lifetime value.

Now that this is all on the record, the rises over the last three days have been mere nibbles. We have yet to see the panic buying of +20% jumps in a single day. Perhaps that won't happen and it will be a steady rise, but I suspect momentum is only starting to build and will be confirmed shortly.

A lot of people are expecting a pull back. That may happen but we are just as likely to see more buyers jump in now that the business has proven itself to be internationally scalable.