another day another valuation upgrade!, page-5

Hi,

Ok another day another upgrade!

20% increase in full year earnings....M2 also has a history of under estimating end year results and has a 70% pay out ratio, so I suspect divy will increase to 19 -20c/share! This happens to be the old 2012 analyst forecast for M2.....

Material improvement in wholesale access agreements - obviously the outcome of ACCC determinations. So I guess with full year EPS justifying a futher 50 cents /share value and analysts busy recalculating longer horizon value I suspect the share should re rate .75 -$1.00 AUD over next few days.

I just love MTU.

SD :-)