stock on fire confirmed by agm

Yesterday, at the AGM, the news were fantastic.

On a pro-forma basis, their september quarter billings were 25% higher than September 2006.

Traditional media billings up 27%, digital media billings up 45%, and other billings up 10%.

For the star division, the digital media one, this growth is 50% higher than the market growth.

The FY08 EBIT guidance is $32m at the top end of consensus estimates.

It is a cheap stock with a FY08 P/E of 14given over 40% of group EBIT is generated in the high-growth online sector.

Yesterday was a bad day for the market, MCU went up 4%, and it will keep going up for the next 2 months - like last year.

Finally, this AGM has increased the profile of this stock and hopefully he long terms stock holders will be well rewarded.