Well, everything seems to be moving ahead nicely, well done to the directors and management, and to all the hard working fisherfolk.
MTM are considering other acquisitions in the seafood space, that is their expertise, and that is the next step in their strategy (as they stated today).
It will be interesting to see what they end up with - who they will acquire.
Now that 56% of the company is held by Sea Harvest, the next acquisition doesn't necessarily have to be an Australian company.
Sea Harvest operate in 22 countries throughout the world, and I'm sure they will present some very good opportunities for MTM management to consider.
So MTM might follow it's (new) parent company soon, and end up going global. Interesting times ahead.
A long term slow burner here, that is currently a good buy for the patient investor.
Gw
MTM Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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