...and the downside for the telco is ?NoneSo this is good……as in...

...and the downside for the telco is ?

None

So this is good……as in its not bad, right?

Management are working behind the scenes to establish a global business. All the right goals are being achieved. This not going to happen overnight, they are dealing with International Telcos after all. They are aiming to increase their exposure to 150mill users by June; multiple times the size of the Australian market. MBE are also working on a connectivity partner for USA, another 200 million users.

MBE are already profitable and growing profit in their established market of approx 20mill mobile users in Australia.

150/20 = 7.5

200/20= 10

They are also increasing the number of products they offer.

They are also developing products that have never been offered on mobile.

They are valued on a PE ratio of approx 25 , slightly higher than Woolworths on a PE of 18!!!

7.5 + 10 = 17.5 times the size of their existing market + new products+ Europe +++++

This is all in the announcements, well worth a read.

No one with any business experience would expect this to happen overnight but these prospects are good enough for me.

At this price IMHO we are getting the international growth potential for free.