Given the sudden strength, I now hope that it will breach the...

Given the sudden strength, I now hope that it will breach the dollar before Christmas and may rise to $1.20, just gut feeling.

The rationale reasoning is that whilst there have been write-downs, the actual profit from memory has been steady, the business seem to be in a similar state overall.

Any retained profits that otherwise would have been paid as dividend should also be added to the valuation as they have been retained.

Just in case I am right, I shall hold off until $1.20. Fingers crossed.