Hi,The PEO aquistion is whats holding the price down currently -...

Hi,

The PEO aquistion is whats holding the price down currently - once the purchase is finally approved there may be some seel off from PEO holders of their new MTU shares to "Get out" and take profits (If any).

PEO shares were selling at discount prior to the MTU approved purchase (Sahreholders voted for it now).
So some will take the arbititriage profits and run.

MTU share price should break up after the final PEO purchase formalities are completed.

Technically at a depressed PE of 7 (General market is trading at lower PE's) it is) still worth around 65c (Including expected PEO increase in profits).

IMHO I would hold - I am.

Good luck.

Also MTU has low gearing - PEO deal done with share dilution rather than borrowing.
Thay are in a good position to weather a deep recession.