Billcan, I'm not ramping at all. I'm very pleased they are adding another $2.5 mil EBITDA which is EPS accretive from day 1 whilst pushing their marketing division forward, not DCB.
So this FY we've got the likelihood of organic growth above $5.3 mil plus this $2.5, plus any further growth from the "seamless" integration.
This will deliver an EPS of 1c or more IMO which makes 7.6c undervalued, plain and simple.
You can call that a ramp if you like. I call it a fair view on the stock and you'll see why in 12 months with the stock a whole lot closer to 20c than 7.6c IMO.
MBE Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held