Ann: Earnings Upgrade for 2012 Full Year , page-7

The interesting thing about MNF is that there is hardly any equity on the balance sheet. This means when the full year results come in, their ROE is going to be through the roof. With plenty of cash, and an increasing dividend stream, I cant see this one staying on these PE multiples for much longer. Surely a PE of 10, for a company with strong growth and no debt would be suitable. That means at least 50c. Liquidity has improved too, with lots of sells popping in at 40c+ mark. I added at 37.5c.