I am not surprised that the buyers are back, they have probably realised that WOW is trading on a similar PE..........18.56 to be precise.
Don't get me wrong a WOW is a great company and has increased turnover by 25% over the last 5 years. $38 mill to $47 mill!!
Yeah ok qqqqq they also pay a 3.5 % div...........personally I like my investments to work harder than that.
MBE have increased turnover from FY13 of $13 mill to $20 mill minimum expected for FY14; ie 50% in one year.
MBE are increasing profit at a faster rate than turnover( economies of scale kicking in).
MBE are in possibly the fastest growing market sector in the market.
MBE have just gained access to a market >20 times the size ( Singtel and USA) of the existing Australian market that is generating 50% YOY growth.
They can market all of their products from Sydney. The customers can be anywhere in the world. Think about that.
Yet MBE are being rated on a similar PE to WOW??? How much are WOW pumping into their so far disastrous Masters venture to compete with Bunnings?
Do people read the announcements?
What more do you want people, seriously? Do you know what is happening here? Do you read these threads and think we are ramping? These are all facts. Someone please show me any other company on the ASX that has better fundamentals OR potential.
All I can say is WOW!!! what an opportunity, hang on for the ride me hearties, it is going to be fun for some!
MBE Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
