Panama papers, page-16

You may have just thrown a number out there but for this type of a company and for the risk that shareholder are taking, 40c target in 7 years would be disappointing. I realise that 40c is ~10% compounding per year but I think we should be looking closer to 25% for the first few years and then maybe tapering off to high single digits. I think a reasonable target for say 7 years (taking into account no significant change in shares ouststanding) should be closer to 55 - 65c