57cps in 07 using 10 pct growth, page-4

true

price has come back to 10.80ish cause the ppl in the know 'recognise'

Like I said, if they made 52cps, and they grow another 10% in 07 (maybe conservative due to strong projected first half flows due to 1mill max cash flows ending 30/6/07 !) - then at a P/E of 22 (where its sitting now for '06; historic is 25 though!) its conceivably worth $11.44!

Like I said, look at comsec and historic P/E is 24.4

At P/E 24 = $12.48!!!!!!!

Analysts were right to say that it was worth around $12 in this market environment should a takeover ensue!
When taking over is considered, the high levels of CASH come into play!

Anyways Ill say its worth $11.50 (EPS 52, P/E 22)

My analysis and my opinion of course, but in a boom market the P/E of a 'market leader' in a sector that ensures definate cash flows via compulsory super can be 20-25

Do the sums yourself

Im sure the instos have and theyll re-rate the stock!

Huntleys already had the valuation above $11 anyways b4 this result even came out!