G'day Ffforrest,
If you did a bit more digging you might have bought some.
*2002 NOPAT up 52%
*2003 NOPAT forecast to be up a further 35%
*current div yield is 5.3% + franking credit = around 7.6%
*If 2003 yield rises in line with profit yield at the current price will be 7% + f. credit - around 10% gross
A dynamic company on the up IMHO.