Now that the blocks have fallen in place I am anticipating significant EBIT and dividend increases over the next 12 - 18 months. So at potentially a 4c divi per year do I consider 40c bid (10% divi pa) or 45c bid (9% divi pa) and even 50c bid (8% pa) attractive?
(Can't think of many other companies with this risk profile providing such a return.)
This is a well run and growing company with somewhere around 75% bond like return. I don't find a bid below 50c even remotely attractive or worth consideration.
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