It's a conservative take on that formula and with additional...

It's a conservative take on that formula and with additional margin of safety I think it applies well enough to BKL. By the way think you are in with a good margin of safety on price as well, I'm in higher so I need more growth than that 10% or my position will theoretically underperform for a while. Long term great potential, but obviously with hindsight you can always get something cheaper.

good luck, all about Asia now.