What is happening to M2 GROUP’s LTD Share Price Lately

What’s happening to M2 Group’s Ltd’s Share Price?

Telecommunications provider M2 GROUP LTD [ASX:MTU], which is behind such names as Dodo, iPrimus and Commander, continues to make strong gains on the ASX.

Why is this happening to MTU Shares?

As well as being one of Australia’s fastest growing ISPs, something which differentiates them from the rest of the market, MTU bundle energy products into their telco offers, which effectively increases their sales.

The company has focused on rationalising a number of billing systems, reducing administrative costs and the costs to serve customers. The costs that were born in that process seem to be benefiting earnings in FY 15.

Here’s a monthly chart of M2 Group [MTU]

graph

Source: STEX
What Now for MTU Ltd?

One can now expect news of positive earnings growth. To take advantage of these stock market movements, you need to know how to read a chart. Go here to find out more.

Cheers,
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.


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