Ann: Trading and earnings update, page-100

@madamswer @MarsC @Just_a_guy @travelightor @eternalgrowth @Transversal

Are any of you fine gentlemen/investors interested in or have run the ruler over this business? It has occupied my watchlist for a long time though I could never make sense of the elevated multiples the market was prepared to pay for what is a modest grower at best.

It looks far more palatable now, though the yield is still not compelling enough to merit a quick buy. In general, the company has many characteristics that are amenable to making it a low-risk, core position in a well diversified portfolio.

Thank you for your time as always.