Nice post Curra and it looks like Thorpey is starting to use his vast marketing skills to get his company out there via the media. About bloody time he shouted from the rooftops how brilliant MBE's products are and its future.
Thinking about the growth from here and it only gets better.
If we assume another 71% growth in turnover, $33 mil x 1.71 = and we have $66 million. Add say $2 mil for todays aquisition and we have $68 mil. And this is with no additional growth from the UK which is likely to be a cracker.
But lets say they hit $65 mil to be conservative with 15% margin like todays result and we will have EBIT of $10 mil.
I think 31.5c is still under valued given the market normally looks at future earnings, not current which only has a minor premium IMO.
40c is more like it as this time until the next 1/4 in Oct IMO.
What a cracking day for all holders.
MBE Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
