I doubled my position in MMG around a fortnight ago at $3.50. Just think this company is still at very affordable levels and anticipate a solid report in June (I'm not sure of the date).
I would expect the dividend to be 25 cents unfranked, which is an excellent return in my books, for a $3.50 investment. The Southern Cross investment incomes should start to be evident on the books in this reporting.
Huntley's still have a Buy on MMG, with a valuation at $4.70. Time will tell once again, I suppose.
Regards, Snake13.
MMG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
