After my intial analysis of the three growth Telcos I decided to dig deeper into M2 Telecommunications and am now a part owner.
From the Horses Mouth: The MD Vaughan Bowen kindly replied to my email about his share sales and difference between NPAT and EPS FY10 forecasts. I’ll publish his reply, despite the second point being a tad embarrassing for me.

Today I’m going to do a first pass on three growth Telcos; M2 Telecommunications Group Limited (ASX:MTU), Pipe Networks Limited (ASX:PWK) and iiNet Limited (ASX:IIN). Two of them rank in the top ten Austalian Telcos the third’s growth could put in that group within a couple years.

Why these three?
- Hunter Hall disclosed a large position in MTU back in April, topped up in May and again in June taking their holding to 12.3%.
- A telco lawyer friend mentioned Pipe Networks to me when the price was around $1.80, I hoping it’s better late than never.
- iiNet is my ISP so I’ll call this a Lynchian idea.