There is a report in this mornings Financial Review, top of page 18, which may enlighten you.
To quote briefly from the article, referring to Jonathon Rabinovitz from Hunter Hall & Chris Scott from Wilson Asset Management.
Firstly Jonathon Rabinovitz said:-
"It remains a core holding across our various unit trusts". "M2's success is one of the best examples of a small start-up telco that through the talent, tenacity and common sense of its founder and management, has thrived in an environment dominated by an agressive incumbent."
"Wilson Asset Management chief investment officer Chris Scott said he was pleased with the result and that M2's growth forecast bode well for the company's future.
"The recent acquisitions seem to be going to plan and we expect them to deliver strong growth over the next 12 months," he said. "It's one of our biggest holdings (and) we're very happy shareholders.
"It's an attractive investment proposition for investors looking for real exposure in the telecommunications sector." End Quotes.
In the short term the shorters & bots may play their little games but I am confident about M2's future.
Cheers
MTU Price at posting:
$6.43 Sentiment: Buy Disclosure: Held
