re: Ann: Presentation Material - Half Year Re...
I have my intrinsic value at $4.63, but it all depends on you weighing up the risk v return rewards that you are comfortable with.
If you believe that they can at least maintain their current dominant position in their industry, I'd be comfortable getting in anywhere below $5 for the long term. If you think the industry is too competitive and their market share will fall, you should wait for a lower price or avoid.
I think they can at least maintain their current position, so with such a great ROE and no debt, I'll add to my holdings if they get around $4.50.
WTF Price at posting:
$4.96 Sentiment: LT Buy Disclosure: Held
