Peter Addison, IntersuisseBUY RECOMMENDATIONSM2...

Peter Addison, Intersuisse

BUY RECOMMENDATIONS

M2 Telecommunications Group (MTU)

M2 is an independent provider of fixed line, mobile and data communication services, (principally provided by Telstra, Optus and Vodafone) focusing on small and medium sized businesses in Australia and New Zealand. Market capitalisation is $300 million, with projected earnings growth of 40 per cent this year for a dividend yield of 5 per cent. Management is considered very sound.