rbs morgans place buy recommendation on lgd, page-2

yes probably get some more info from the AGM early next month, and then potentially a further update (if trading is good) in December.

If news is good from the AGM, I hope we may challenge 30c. A valuation of 37c, assuming a FY11 NPAT of 7.7 million, is still only a PE of 10.

A fuller valuation might only be achieved either on announcements of acquisitions, or alternatively confirmation of an interim divvie in February.

angus