MBE Oversold, page-357

@Retireyoung,

it looks like the current of MBE is equivalent to the value of their few acquisitions (some are still to br paid), so one conclusion could be made is its model of DCB failed, and the second conclusion is they wouldnt have paid that much for acquisition(s).

as some others voiced, so close to half year report, they can be only worse not better info coming out of balance sheet

i read its annual reports and few years quarterly again, at no stage, MBE actually generate cash what so ever... they even capitalised wages to make positive EBIT...

as to 8mil to 12mil cash position, management again outsmarted some investors here, what they really should say, which the balance sheet will state in due course, is how much money has been spent and wasted since last cap raise!!

so its not 8 to 12, its more like 30 to 10, i m sure fy ebit will include massive capitalisation again, but one day, they are going to write off some!