well, has consolidated well at 12.5-13 for a base.
If the markets resumes an uptrend after this correction, given that MDT held its advances above 10c, unlike many other reits that fell back, i'd just say the usual 10+% we are used to for MDT.
The question is, given that MDT hasnt retreated, where is it headed?
There are many options on the restructure desk, from complete sale, to partial to clear the debt, to just trimming the edges.
So anything from the underlying NTA of 1.05, to say 10% div yeild on the residual portfolio to clear the debt. (1/3 so 1/3 the div, 3cps, sp target 30c.)
All depends on what they do.
But has been evident as i suggest before, that the huge volumes two weeks ago, is taking us somewhere above the pack.
i'd say that within this next leg of market rally, if it sustains, we will see someting in the ballpark of 20c.
cheers
MDT Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held