broker buys and new +ve valuations for m2

Hi,

Good to see brokers remain very positive on MTU and new valuations. ACCC due to report early 2011!

Lodge Partners:

Valuation- Excluding any impact from the potential ACCC indicative price changes, our 12 month valuation increases to $3.63 per share (from $2.51). Should the ACCC reduce indicative monthly rental prices to $23.00 per month (from $26.93) and local call costs to 7c (from 17c),we?d expect material EPS uplift in FY12 for the combined M2 + Clear
business (see overleaf). Our forecast price target would potentially rise to; low case= $4.03, base case=$4.38, high case=$4.81 per share.

http://m2.com.au/__data/assets/pdf_file/0003/9840/Lodge-Partners-MTU-2nd-Feb-2011.pdf