MNF 1.21% $5.73 mnf group limited

4c due in about 3-4 weeks for current qtr, page-8

  1. 983 Posts.
    I think for MNF is is a lot more than just about a Symbio thing.

    MNF is on track to make a profit in FY09, this will mean paying down 100% of Symbio debt which is likely to be in the lows $1Mill mark at present and beconig 100% financial independant.

    Don't you worry about MNF, they are one of the few listed companies on the ASX with credible, well qualified & hands-n directors that have for the last 3 years met every target they have set including 100% growth rates PA.

    The last stated target was for Revenue to exceed $10M for FY09 whilst continuing to keep OpEx in check. Based on my recent research everything is going along exactly as forecast.

    Two of the directors own 50% of MNF shares and have never sold a single share and also take out a modest wage. They also own 1005 of Symbio and are able to balance the finances between them whilst mainting an open book for the non-executive shareholders (who also hold sizeable parcels) to scrutinize.

    MNF shareholders will have plenty to cheer about in 2009, whether by takeover activity, SP increase or maybe even dividends!

 
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Currently unlisted public company.

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