Ann: Issue of SPP Shares, page-6

Pie Funds from their latest report:

"We have added Dicker Data (DDR:ASX)
to both Growth 2 and the Dividend Fund.

We have been trying
to buy into DDR for over two years so we
know the company very well. DDR has a
36 year trading history and is the second
largest distributor of computer products
and software in Australia.

DDR has forecast PBT of $30.9m for the
calendar year, however, given they made
$3.3m in July we think there is a good
chance of an upgrade to that forecast.
DDR is currently trading on 11x p/e and a
yield of 9%. So not only is there a chance
of an earnings upgrade but also a p/e rerate
with distributor peers such as EBOS
trading on 15x p/e."

I notice that The Boat Fund bought in recently as well, so that's two of the top
value investing boutique fund managers giving DDR a big vote of confidence