Under The Radar: My Net Fone Limited (ASX: MNF) Expect another strong day today as CEO Rene Sugo presents results 11am. Ever used Skype? Yesterday telecommunications wholesaler and internet voice provider MyNetFone reported a 40 percent increase in net profit, declaring a record profit result for the 2014 financial year. Finishing up 10% for the day, last trading at 2.50. Admitted to the ASX All Ordinaries index in March, gaining a government contract earlier in the year and executing acquisitions late last year, MNF recently reiterated it is still looking for more purchase opportunities. I don't mind the look of this technically and the company has a cash balance of $7.4 million and no bank debt, with a fully franked dividend around 2.5%. Trading closer to 2.90 recently there should be a good trade here. Full Read: (VIEW LINK)
Suncorp result looks excellent. Special dividend of $.30 per share is ahead of a number of forecasts.