richrichie,You comment on MML's likely profits:In my opinion,...

richrichie,

You comment on MML's likely profits:

In my opinion, the 1H EPS is likely to be c. 27c (full FY11 c. 59c) suggesting a FY11 target of c. A$8.80.

1H operating cash-flow looks like US$50m with FY11 c. US$118m.

After allowing for inward investment of US$44m I estimate the full FY11 free cash-flow at c. US$63m before dividend payout.

However, PoG and A$/US$ movement may still impact +/- the FY11 numbers. My own opinion is that PoG is set to rise in US$ terms before the end June, FY is completed.
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