Hey mon, there doesn't appear to be any talk of MFT lately mon so I'll kick it off here. To me, MFT appears to be have good fundamentals.
1. They pay a regular dividend of 6.5cps or about 3.5% net.
2. Excluding OWN's, MFT returned $12m npat. This equates to a PE of around 15 ($1.88 shareprice / 0.125 eps). MFT have now sold OWN's non-core loss making assets and OWN should now contribute to npat.
3. Prior to aquiring OWN, MFT's share price in July 03 was about $1.30 and OWN's was about $0.95. Now MFT has 90% of OWN (without any need for an issue of additional shares) and MFT's share price is around $1.88. My basic maths tells me $1.30 + 90% x $0.95 = $2.15 > $1.88.

Does anyone have any other views on MFT's fundamentals mon?

Disc: Hold MFT mon