Posted on this two weeks ago looking for a bounce back to mid...

Posted on this two weeks ago looking for a bounce back to mid 80's. MCU has subsequently traded as anticipated so more to the point where to now.....

MCU is trading on an expected flat or low single digit increase profit outlook for the 09/10 FY. I expect it will trade in a narrow sideways range now until the half yearly announcements.

The half yearly result and outlook will determine if the $1 mark is breached. By the time June/July is on us the market will be focusing ahead and MCU should be trading in a range of $1-$1.10 so in the next 6mths a 25% (annual 50%) return is IMO feasible.