re: Ann: Half Year Results FY14 - Presentat... Why wouldn't you hang on to it. I'm guessing management are extremely confident in the future growth of the company with the recent divi increase.
I'm hoping this is when of those special stocks you hold in the future and get a nice big juicy divi.
The company is leveraged into the car industry and I can't see anything but growth in this area.
I like the fact that IFM has identified Asia, specifically China as a place for potential growth. In regard to car ownership (for us it = dealerships/service centres), i like this quote from a report on car ownership in the future:
"We project that the total vehicle stock will increase from about 800 million in 2002 to over 2 billion units in 2030. By this time, 56% of the world’s vehicles will be owned by non-OECD countries, compared with 24% in 2002. In particular, China’s vehicle stock willincrease nearly twenty-fold, to 390 million in 2030."
IFM just needs to stay ahead of its competitors and continue to lock in business, especially in developing countries.
"Go East young man"!!!!
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