I think the update last year was around April 15 which indicated another significant rise in revenues. Lets hope Thorpey delivers more magic and beats his chest about the last quarter and the further growth which is coming not only in the next quarter, but in the next FY which is projected to break $41 mil and $8.9 mil in profit.
It is unsustainable IMO for the SP to remain anywhere near 18c as the PE will come down to 9 or 5 if the profit projections are correct. I wouldn't be surprised if the $8.9 mil figure is conservative next FY.
Tick tock....
MBE Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
