icp now worth a look , page-7

No buy back as they need to hoard cash for the upcoming dividend. EPS for 2010 was 13.5 cents per share. Let's assume this half is 7.5 cents up from 5.5 eps on the last half. On a PE of 10 that's $1.50 a share. ICP has full year earnings guidance of 7.8 eps...on the same PE of 10 ICP is worth 78 cents. They currently trade at 41.5 cents. There's a value mismatch here....CUS should be $1.50 and ICP 78 cents. DYOR