Ann: Preliminary Final Report , page-3

hi ormond,

good result considering that they had said that the net profit would be close to last years so met expectations which is a good thing.
ROE still good , forward order book with work of about 283 million in 2012.
Not spectacular , not disappointing. Will benefit from infrastructure spending.
Good divi yield on a payout ratio of around 50%.
Undervalued on some measures for me but not all my criteria, will hold as my buy was much lower , not buy now. Less than 1.70 is a buy for me.
Not intending to cross promote but ormond and stonemasonn, we seem to have a few stocks in common, have a look at JIN . would like to know your thoughts over on the thread over there. Ridiculously undervalued