Ann: Quarterly Activities Report, page-133

"Nice, another $0.70 fully franked dividend would be well received by investors, in which case we’d see YAL charge towards $7.00 once again."

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My valuations suggest that $8 is on the cards longer term. I get around a 1.8-1.9 multiple at $5.82 Friday close. If we consider that the last quarter sales pricing is near the cost curve and we can't go much lower then we should see a rerate up towards 2.5-3.0 multiples at a minimum. That translates into a price range of 7.86-9.43. Now if we throw in an extra tasty special divvy, we're likely to see some signs of irrational exuberance and possibly pop over $10... but... but... but... at those levels, the volumes are likely to be very thin and the price will be driven by retail, so I wouldn't expect those levels to last. All speculation.