how low will it go......, page-3

Tucked away at the end of the last announcement was some information on MTUs next aqusition.

"M2 Telecommunications Group Ltd (M2 or the Company) is currently in the final stages of due diligence in respect of an acquisition of certain business assets predominately customer contracts) of a reseller of telecommunications services.

M2 expects to acquire the business assets for a total cash consideration of approximately $4.0 million,which is subject to negotiation of an asset sale agreement and approval by the Companys board. Based on current findings, M2 also expects that this acquisition will contribute positively to earnings per share.

It is anticipated that an asset sale agreement will be executed in a few weeks, if not before, upon which, M2 will announce to the market further details of the transaction.

This transaction is consistent with the Companys previously announced strategy of acquiring assets which are complementary to its core small and medium business (SMB) market focus."


As for the share price:

If you are speculating in the share price than you should have already been gone. The price is falling - nothing else is relevant.

If you are investing in the business then I believe all is fine. The business is performing well - nothing else is relevant. Share price only comes into it, if it becomes grossly over or under representative of the business and you want to take advantage of it.

I see a buying opportunity in this market. The question is how attractive will that opportunities get?