If expectations are for a rise in M&A activity then M2 Group is a prime candidate to be out there hunting for targets
If expectations are for a rise in M&A activity then M2 Group is a prime candidate to be out there hunting for targets. Over the past 5 years M2 has made of $500 million in acquisitions including rival telcos Dodo and Eftel less than 12 months ago. The Company has continued to defy critics of its acquisition led growth strategy and management have consistently delivered record profits and dividends. M2 Chief Executive, Geoff Horth, says the business is growing organically and he is now looking at acquistion opportunities. There are still a number of listed telco stocks that could potentially be on our radar. We've also got an energy portfolio as well and I think there'll be some consolidation in that sector. Morgans senior analyst Nick Harris expects M2 Group to deliver strong second half financial year 2014 growth giving the company a price target of $7.50. (VIEW LINK)
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