"also, even with the latest event at the school my wife has not expressed any regret about getting the watch"
Hopefully this gets sorted out for the majority of schools and if it does then it might just give us that extra boost to sales that everyone was hoping for as smartphones are banned. It doesn't seem to have done January sales any harm at all.
However regardless of how this turns out at home, I'm strongly convinced that the vast majority of our growth will come from our expansion into Europe. The population difference speaks for itself. Over 700million versus our 25 million. So any issues here in Australia that may arise from time to time will be dwarfed by the sales volume expansion that will come from the UK in April and other European countries that follow. Penetration rates in European countries per head of population can be quite low relative to Australia but still give us a massive boost to sales. As each country is added, even if it's as much as a year between each country, it will mean strong annual growth in sales even without any organic growth in Australia. When UK is established, it will be surprising to see anything less than a doubling to tripling of current sales. Add another similar sized country and sales should grow by another roughly 40% again. I'm sure we will see strong organic growth on top of that considering the sector that we are in.
MWR Price at posting:
$3.32 Sentiment: Buy Disclosure: Held
