If one compares the 2008 account with the 2012 accounts you have...

If one compares the 2008 account with the 2012 accounts you have
2012 2008

IT IT

Revenue 560 406.8
EBITDAC 36.5
EBITDAC Margin 7% 9%

FSG FSG
Revenue 0 202.8
EBITDAC 0 20.3
EBITDAC Margin 10%

Total Revenue 560 609.60
Total NPAT 18.1 26.50
Shares 305,585,913 191,473,988

EPS c/share 5.94 13.84
Dividend Payout Ratio 54% 70%
DPS c/share 3.5 9.75


Net debt -40 56.90
Gearing 0% 35%

Given the target margins for the IT Business dividend of 7 c/Sahre in the next year or so looks very possible. A price of $1.50 per share seems justified.