re: Ann: Appendix 4D - Half Year Accounts - E... Agreed Motor, I'm happy not to get dividends as long as BGL can reap 20%+ returns on capital reinvested. Once the aggressive roll out slows in FY11, we should see more of that revenue drop through to the bottom line. I can get a valuation of around 20c based on FY10 numbers but significantly higher if they can produce the numbers Macquarie is forecasting for FY11.
re: Ann: Appendix 4D - Half Year Accounts - E... Agreed Motor,...
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