Solid 1H2014 result from MTU, but it will be interesting to see what path the directors take the company down now.
They have ratcheted-up the debt, and I see that net debt rose by $12.5m to about $290m at the end of 1H2014. Surely this means any significant acquisition becomes somewhat riskier carrying this debt, unless they take the route of issuing equity.
The focus seems to be on integrating Dodo and Primus and finding organic growth.
Perhaps expanding Dodo's other utilities businesses;
* Gas
* Electricity
* Insurance
will become the focus??
A proven management team, so for the moment I'm prepared to maintain the trust.
Any thoughts?
- Forums
- ASX - By Stock
- MTU
- where to next for mtu?
where to next for mtu?
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MTU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online