No excitement here yet, but rather a large smile ;-)
I suspect MTU will crack the $3.00 before christmas which will be exciting! At the current price level MTU must start / is moving through some relevant indicies and I note we are yet to see significant Fund investment in MTU. Only Hunter Hall, Cornish and the CEO own >5% share capital!
While MTU may be fairly valued presently (and remember FY11 is a 40% increase in earning) - fund interest / index buying must support continued upward momentum from here IMO.
Perhaps $3.50 + is now reasonably achievable for end Feb announcement of 6 month results (all on track / exceed F11).
SD
MTU Price at posting:
$2.75 Sentiment: LT Buy Disclosure: Held