I communicated with the COO of MCU a few days ago and while he...

I communicated with the COO of MCU a few days ago and while he was careful with his words as expected, the indication was MCU does not need to make any announcements until its annual in August. Reading between the lines there is no significant change to forecasts.

The SP action tends to corroborate MCU are travelling OK although recently got a little ahead of itself has pulled back nicely and the mid 50's should hold up as a good accumulation area before the next movement back up into the 60's and beyond.

MCU is in a fantastic position looking forward and it is good to see management are adopting the wait and see approach with regard acquisitions as they hold all the aces and can bide their time rather than jump in too soon.