You’re quite correct in you're analysis and conclusions. What I note, in addition, is the company has retained a lot of profits and cash balances have built up and the business has very low gearing. Gives them a lot of flexibility in these uncertain times.
They could easily reverse the trend in ROE and bump it up a few notches simply by paying out a special dividend, but at the moment I’m not a supporter of this as a 20% ROE on a quality business like this in the current market is a rarity.
You’re quite correct in you're analysis and conclusions. What I...
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$47.35 |
Change
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Mkt cap ! $3.898B | |||
| Open | High | Low | Value | Volume |
| $47.00 | $47.79 | $46.96 | $5.285M | 111.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 477 | $47.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $47.41 | 966 | 1 |
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