MBE Oversold, page-354

Hi qqqqqqqqq

My understanding is that they should have finished paying for The Performance Factory during HY17 and now only have to pay approximately $3.6m per year for the next two years for the Vizmond Media and Marketing Punch acquisitions.

They appear to have paid around 5 to 6 times EBITDA for the acquisitions which seems reasonable if the businesses continue to perform well. It appears as though without the acquisitions MBE may have recorded negative EBITDA in HY17 ?

In my opinion, the acquisitions do not appear to be MBE's biggest problems. The overseas DCB expansion is obviously costing MBE money. Can they turn the overseas DCB business around ? Can they turn the Australian DCB business around ? lets hope so.