MTM are on the lookout for their next acquisition.
I did some research and suggested a couple of prospective agri-business stocks, however MTM are intending to stick with what they know best, and acquire another seafood company.
And they are not limited to only searching in Australia, since their major shareholder is a significant global player.
There were no acquisition time frames mentioned.
The stock is tightly held, and the price has been relatively stable since the Sea Harvest deal, when shareholders were offered 35c a share for half their holding. No dividends on the horizon because the stock is still in it's infancy. Not a stock for traders or the impatient. Analyse director transactions and you will see they have done very well since listing, a couple of them making between $1 and $2 million dollars each on the Sea Harvest deal.
As Yoda might say, on behalf of shareholders, "... patient is the force... resolved must you be..."
Gw
MTM Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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