There are a stack of free new broker reports on their website if you are into that. SP targets 90c-$1.10
1 Long Term Buy
1 Nuetral
2 Buy
The SP targets are conservative and based on only organic growth. MCU can buy EPS accretive businesses and is the only listed media company in a position to do so as the others are struddling under their debt loads.
Together with a few well managed acquisitions my 12 mth SP target is $1.20-30 ballpark.
"Mitchell Communication Group is considering a number of acquisitions, according to CEO, Stuart Mitchell. Mitchell said the group was unwilling to raise capital to fund its expansion, although he said its strong cash flow and low gearing would allow it to take advantage of emerging opportunities" Published today.
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