It was actually better than I expected. $MNF have been up front with the cost impact of the Pennytel start up and the impact it would have on the FY 18 figures. I actually could not understand why the share price ran up to $6 prior to the full year report as I expected a pretty bad set of headline numbers.
I am not totally conviced at this stage about Pennytel mobile and if the return on investment will be worth it but the rest of the business is grwoing well.
MNF Price at posting:
$4.94 Sentiment: Hold Disclosure: Held
