Ann: Investor Presentation and Trading Update , page-2

Not as good as i had hoped-for. I knew DWS had increased revenue base in both govt and finance sectors. I expected this to produce a significant gain in top and bottom line for 2HFY11. Outlook shows that EBITA for 2H FY11 is about 12m as opposed to 12.7m in 1HFY11. Hence final div about 7.25c rather than the 8c i had estimated. Still an exc stk with exceptional divs and very strong balance sheet. The presentation notes company expects a strong FY12. Let's hope mkt notices this. Still a BUY imo.