share price to rocket post trade halt - accc

  1. 528 Posts.
    Hi,

    M2 share price is set to rocket early next week when trade halt on material upgrade to earnings removed. ACCC has released it's Interim access determinations back dated to 1 Jan 2011.

    http://www.accc.gov.au/content/index.phtml/itemId/976058

    For an idea on likely impact on MTU valuation check out the attached Lodge Partners report. Looks like scenario one high side with fixed line access price at $16 v.s analyst predictions of a reduction from $26 to $20!

    http://m2.com.au/__data/assets/pdf_file/0003/9840/Lodge-Partners-MTU-2nd-Feb-2011.pdf

    Here comes $5 per share in my opinion and I see sellers now moving up to $5.50+

    Going to be an M2 story this week and one hell of a fun ride.

    SD
 
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