What will drive growth? 1. UK online loHeries es?mated to generate AUD$750 mil (7% market share.) 2. Australian online loHeries es?mated to generate AUD$110 mil (3% market share.) 3. Manaccom has 4.5 year le@ to run on exclusive NSW LoHeries deal. 4. Distribu?on & So@ware Publishing division to capitalise on the exclusive McAfee deal (3 years le@ to run). 5. Good market for IT acquisi?ons.
Summary ƒÞ Posi?oning for Quick Recovery of share price. ƒÞ Solid factors driving profit in 2010. ƒÞ Aiming for dividend growth.
MNL Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held