Revenue up 149%Key NPAT 5.157 mill up 114%EPS up 63% to...

Revenue up 149%
Key NPAT 5.157 mill up 114%
EPS up 63% to 6.71cps

NPAT and EPS effected by a one adjustment due to an acccounting standard application - Normalised figures.
NPAT 5.7 mill with EPS at 7.3cps

At ave PE that puts share price on current earnings at around
65 to 73 cps. Current price closed at 69c.

Future forecast which MTU has consistently outperformed to date
is for NPAT of 7.2 - 8 mill with an eps of 9.22 - 10.25 cps
Thats a SP of 82 - 92.2 cps using a low PE of 9.

MTU is destined to break the $1.00 mark in 2009.

If Sept/Oct and possibly Jan 2009 see another market hammering - stand by to get some more at discount.

If we get under the 55c mark again - ye haw

I have yet to look at the debt / gearing ratios (weren't so flash last report).

Still very little debt $1 mill versus 5.7 mill in earnings - 20 mill would start to worry me.

Fantastic dividend payout ratio - 74% !!!
Should attract the institutional buyers which is what I believe MTU is trying to achieve.

Id like to see no aquistions this year and perhaps the launch of a share repurchase program!!

Anyone else had a look yet?

suzuki1100