Yesterday's AGM provided some insight to the road ahead for MRN. It would appear that the acquisition of 3AW and Magic is not totally off the cards but is unlikely to occur in the short term. In any case, MRN have outlined the future direction of MRN and, in particular, MTR. The high quality of the Management team and the commitment of the foundation investors gives me confidence they will succeed with their business plans in the longer term no matter what form this may take.
MRN Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
