Technical Analysis of MBE, page-22

Current SP could be explained by a re-rating in one of two forms. The first of these could be applying a 25x multiplier to the annualised H2-16 eps result. So 0.53 c times 2 x 25 = 26.5 c.
Alternatively, could be full year eps of 1.26 c times a reduced multiple of 20 given investor sentiment which equals 25.2 c.
Accept that tech stocks have all recently corrected, but MBE's fall started 9 Aug whereas others only happened October. I am great believer market always gravitates to a consistent multiplier of eps. Growth and expansion quite often lifts the multiplier for a period.
Moosie, agree with yr comment about news required with AGM. Any bad news will see MBE back in the teens.
Rokewa