Mark, that is about $1 over two years. Then add in an extra $1 a share for the increase in cash reserves, and over 80c in divis (including franking credits), and one could argue that we are about $2.80 in front. Or about 10%, in an environment where inflation is at about 2% PA.
Got to tell you it is much higher than funds on deposit over the past 2 years.
Have them been better investments - hell yes. But also a lot that have gone backwards over the same two years - BHP?
I guess most of us would have sold some time ago if we thought that dose sales growth will be minimal moving forward.
SRX have built one of the largest databases of local radiation impact on the human body tissues, probbaly world wide. The IP may be of value.
Am I happy with the current SP - hell no. But SRX has for a few years now been priced on future growth. What was the price 5 years ago - not too shabby over the longer term.
Worst, I've been buying since the R&D update and underwater already. Such is life.
SRX Price at posting:
$27.84 Sentiment: Buy Disclosure: Held
