MTS dominates throughout rural Australia while also performing strongly in the major cities with old habits dying slowly as many people have become used to the more convenient local stores such as IGA. The slow trend back to the likes of Coles and Woolies has proved slower than many people expected, leaving MTS trading on an attractive 12.5x FY23 valuation while it’s estimated to pay a dividend yield of around 6.4% fully franked over the next 12 months, these numbers are key to why MTS resides in our MM Income Portfolio.
- MM likes MTS and any dips back towards $3.60 will see us consider the grocery operator for our Flagship Growth Portfolio
MM remains long and bullish MTS in our Active Income Portfolio
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