mlc investments buys 1167229 m2 shares

Bodes well for 2010 with funds buying.

I stand by previous predictions of > $2.00 / share by Feb as the 6 month results are published and full year predictions made public.

SD

Source: News Bites


MLC Investments bought a net 1,167,229 M2 Telecommunications Group shares between October 1 and December 30, increasing from 6,295,250 shares (5.75%) to 7,462,479 shares (6.78%).


STOCK DASHBOARD: January 05, 2010

M2 Telecommunications Group

Closing Price: $1.69

Price change from previous trading day: -0.3%

Relative Strength (6 months percentile rank): 90.2

Market capitalisation: $186 million

Dividend Yield: 4.4%

Price/Earnings: 18.8 times

Turnover volume: 24,558.0

Volume Index (1 is average): 0.2

Turnover value: $40,966

Turnover period: 2 years 10 months

Value of $1,000 invested 1 year ago: $3,824

Source: www.BuySellTips.com