MTQ Corporation

[Musicwhiz]

An interesting observation - directors have been purchasing shares in NMS over the past few days. Recall that MTQ has a 15.3% stake in NMS at an average cost of A$0.0467. The following are the transactions:-

Aug 31, 2011 - Peter Wallace purchased 2 million shares at A$0.032 (stake after transaction = 2 million shares)

Sep 1, 2011 - Ross W Kennan purchased 1 million shares at A$0.031 (stake after transaction = 2,865,671 shares)

Sep 2, 2011 - Robert Norman Scott purchased 500,000 shares at A$0.030486 (stake after transaction = 1,360,533).

These transactions come closely after NMS released their FY 2011 results, and the insider purchases from three different directors seem to imply confidence in the Company's prospects.

On a separate note, MTQ's scrip dividend (for those who chose scrip) should be credited on Sep 16, 2011 (Friday) [at 82 Singapore cents/scrip share]. For those who chose cash, they will receive 2c/share on the same day.