MVP 9.68% 42.0¢ medical developments international limited

Hi Oracle,What were your thoughts on the FY09 result?Pretty...

  1. JID
    3,676 Posts.
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    Hi Oracle,

    What were your thoughts on the FY09 result?

    Pretty underwhelming IMO. They have been "poised for growth" for so long I am thinking that the only thing growing are the cobwebs as they sit there on the start line.

    If they have so much cash why are they not paying a divi in favour of a share-buy-back?

    The cynic in me says that with Directors holding so much of the company they are using buy-back as first cheap step to taking MVP private.

    Cheers
    John
 
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