Ann: FY2015 Results Briefing, page-2

The key here is the 2nd half turnaround EPS 1stHY 2.4c , 2ndHY 4c. Total EPS 6.4c puts it on 8.2 but based on 2nd half the PE is close 6.5. I would suspect the sub-sector average is above 10. Dividend of 1st 1.9c and 2nd 3.1c. Full year yield of 9.5% and over 12% based solely on the 2nd half. If sales growth is achieved this year on a similar basis this is only going to get better and better. Evidenced by the cash generation in the 2nd half of $5M. I don't know many companies with a market cap of $70M that can generate that level of cash. More stores to open this year and these results only include a month or two from White Runway and further opportunities exist with Black Pepper. Doesn't matter to me what happens today its a keeper. I might even top up next week if the results get no traction.