Have been buying MCP steadily since it drifted below 3.00. Wanted to get stuck in to them on Monday but platform with MQPrime was inacessable and what a bargain it was at around 2.55-2.65!! Today's ann is no surprise. Management consistently set and achieve goals and keep holders in the loop. I reckon FY10 will exceed their forecasts and my estimate is for interim 13c ffr and final 16c ffr. Have ideal conumer product range for budget conscious shoppers and have reduced buying costs. Full effects of strong AUD to really come through in 2H10. On low PE and 9%+ ffr (SP @ 3.00) divi. Certainly, good enough for me. PS. Debt also reduced substantially last year. It's all coming together nicely and am looking for steady rise in SP as we approach 23/02 release date. Buy below 3.30 imo.
MCP Price at posting:
$3.01 Sentiment: Buy Disclosure: Held
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