is suncorp a good buy, page-8

The numbers for the half year looked pretty bad to me. EPS of 41c compared to 91c for the corresponding previous period and they are paying a 52c dividend to just keep up with last year and an admission that no significant dividend growth for 12 months at least. Does anyone know whether the december storms in Melbourne and Sydney are included in the Dec 07 half year results?, because if there not then you'd expect the next half year to be pretty bad when you add in Mackay, Rockhampton and the current sharemarket falls. Perhaps sp has a bit further to fall yet as current PE is about 18.