Hi,Good to see brokers remain very positive on MTU and new...

Hi,

Good to see brokers remain very positive on MTU and new valuations. ACCC due to report early 2011!

Lodge Partners:

Valuation- Excluding any impact from the potential ACCC indicative price changes, our 12 month valuation increases to $3.63 per share (from $2.51). Should the ACCC reduce indicative monthly rental prices to $23.00 per month (from $26.93) and local call costs to 7c (from 17c),we?d expect material EPS uplift in FY12 for the combined M2 + Clear
business (see overleaf). Our forecast price target would potentially rise to; low case= $4.03, base case=$4.38, high case=$4.81 per share.

http://m2.com.au/__data/assets/pdf_file/0003/9840/Lodge-Partners-MTU-2nd-Feb-2011.pdf