The SP at the moment is all about supply chains and shipping costs. They have managed the issue well and have continued to make profits and pay dividends. But they are vulnerable.
My thinking is that these issues are temporary- but obviously not to be solved over night. I am backing China to be successful with its latest lockdowns- that will help. High fuel costs are a wild card.
I bought back in not so long ago at what I thought then was a good price- so I will seeking to average down in the closing auction.
This is a quality company and a risk worth taking at anywhere near these prices.
IMHO DYOR
Ann: Half Yearly Report and Accounts, page-2
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