We believe that MVF has a strong position within the growing Australian and overseas IVF markets. On this basis, an investment in MVF could well represent an attractive long-term opportunity for investors. The IRESS consensus target price of $2.15 indicates some 16% upside potential relative to MVF’s current share price of $1.85. Coupled with an IRESS consensus dividend yield of ~5%, we calculate that MVF offers total potential upside of around 21% .