Ann: Daily share buy-back notice - Appendix 3E, page-2

I like this summary on GAP from under the radar
RADAR RATING: By traditional measures, like P/E (< 11 times) or dividend yield, Gale Pacific is a cheap stock whose core business has good long-term prospects despite inevitable manufacturing, marketing and environmental hiccups. If like us you would rather buy a cheap stock and hope other investors eventually find something to like about it, while you are paid more than a fully franked 5% for your trouble and risk, Gale Pacific is for you. The alternative is to buy a fashionable stock, and hope other investors don’t find something to dislike before you have extracted your share. Below 40 cents, we maintain our rating. BUY.

1700 stores in the US . Many times bigger than Bunnings. At this stage smaller range but network means sales opportunity equal to Bunnings . Medium to long term they slowly want to expand the rmafr in the US making the opportunity significantly larger than the Australian market . As I have said before with a starting EPS of 3.4 even a 4.5c PE and a higher PE than 10 ( say 13 ) An EPS figure of 4.5 is very very achievable within 12-18 months espcaically if the Chinese currency behaves and reasin comes off some more