The share price won't be anywhere near 35c if the following comes to fruition over the next 12 months:
International carrier billing revenue is now being driven across 16 telcos and 6 international territories. We anticipate this will grow to 30 telcos across 11 international territories in FY2017.
That is very nearly doubling the number of current international telcos and international territories in just the next 12 months. The share price is more likely to be $1+ than 35c by then, but even $1 could start looking cheap given how strong their existing revenue is and how much stronger it is likely to become going forward.
MBE Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
