It is interesting to note that you cant look up this company under its new code GPM which probably accounts for the lack of postings. Any way i have just purchased this stock after doing some research as a result of reading a buy recomendation by Bell Potter Yes it will carry the stigma of the MFS tag for some time but the income returns in the short to medium term are just too good to miss IMO Directors have announced that profit for 2008 will be 8.1cent a share before one offs and 2009 will be at least as good as 2008. This implies a return of nearly 23%. How good is that and once the dust has setled you would expect the shareprice to head north.In fact Bell Potter has a valuation of .70 cents against a NTA of .85
IMHO this stock is worth a look. What do others think???
You can get more info from the company annoucements if you are interested
MFT Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
