Interesting article likely explains the jump in share price yesterday and likely continued rise into end year results!
Jul 23, 2013 (The Australian Financial Review - ABIX via COMTEX) -- M2 Telecommunications is expected to generate earnings per share growth of around 45% in fiscal 2012-13, but the stock continues to trade on a price-earnings multiple of 11.5. Shares in the telco fell to $A5.01 in May, against an all-time high of $A6.48, but analysts believe it is ripe for a share price re-rating. M2 is likely to report earnings per share growth of 36% in fiscal 2013-14.
