Overhang of 11.5M shares gone ! ME have eps this year at 3.3 on $7.4M profit and 2014 at 4.1 on $9.3M profit. Management is more bullish with a $10M profit target for the current year. I have 2015 price target of 40 cents. On this prediction current price of 24 cents shows a 10.5% franked dividend yield for 2015. Interesting to see when the re-rating will take place now the overhang has gone.
Ann: Ceasing to be a substantial holder , page-3
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