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Hi onyx,

I just feel that the company's dividend payout ratio is too high which makes me suggest that this is not a high growth stock. So it seems to me they are trying to grow the business organically and with labour costs increasing there may be pressure on the bottom line.

Trading at a price earnings multiple of around 10 times suggests to me it's a tad expensive in this current climate given it's a small cap stock.

In a bull market i would have a different view.

Of course these are my views, I could be wrong.

:)
Nic