I have a price target by end year of 1.80 AUD - $2.00. This company is now the 7th largest telecom in Aussie and is still growing. It now has a full suite of telco offerings and plans to 'grow' the business this year and make the current business deliver.
It is also now the largest non infrastructure owning telco...
You can't buy companies often that have a strong history of growth at the top and bottom line (doubling revenues every year for over 5 years) and paying such a high dividend yield!
Fully support the 1.80 to 2.00 AUD by end year if not sooner.....one day the wider market (bahh) will discover MTU and perhaps one of the terminal growth telcos may need to acquire it to boost results.
Hold for the ride....the momentum at present may even see 1.50 within a coupple of weeks...even then it would be on a 7.5 percent yield for this year and a 10c for next!!!
A definite buy, hold and enjoy cash flow and capital gains.
Another diamond lying in the rough....only now starting to be discovered.
Full credit to Vaughn Bowen (CEO) and the team....and of course Vaughn has a vested interest in seeing this company perform having a large interest in the company - always a positive :-)
Small diamond
MTU Price at posting:
$1.16 Sentiment: LT Buy Disclosure: Held