I wrote about M1 earlier here and also added M1 to my portfolio this year. The first quarter results looks decent with revenues coming in flat but earnings per share going up by 5% to 4.9 cents I think they should have no problems making 19-20 cents per share for FY15 and if the market prices M1 like Starhub for 20 times earnings, M1 could eventually trade as high as $4.00 by year end On the down side cash has declined and gearing shot up to 50%, a high but still manageable level. I would start to be cautious if gearing continues to go up and especially if it crosses levels like 70-80%. M1 has done a very good job of growing its postpaid mobile business, as shown from the uptrend. The previous worry was the decline in prepaid customers, but that seems to have bottomed. Their fiber ......