Yep. Like I said before, MFS needs to pull their heads in for the next 18 month so there are two full year financials that, hopefully, demonstrate the business is travelling as positively as they have been telling the market.
I have a feeling it will take that long for confidence to be retored in the business and its management. On 28/11/2007 they told the market they will make NPAT at least $276 million to June 2008. They need to beat this. Then they need to add at least 15% to this to June 2009.
The current SP will by itself stop the company from making many acquisitions. They will not be wanting to issue shares in consideration at this level, and likely won't have the spare cash for anything substantial.
MJS
MFS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
