But Warrigals, that would have meant speculating on the price...

But Warrigals, that would have meant speculating on the price going from ridiculously expensive, to outrageously nonsensical, wouldn't it?

My massive CGT bill sets a very high hurdle in terms of selling, or reducing, my exposure (as does the intrinsic value of the business, of course), otherwise I may well have reduced by now.

I cannot fathom those that currently have this as a "buy".

The latest update shows domestic after market sales are strengthening, which is very good news given this is where the great bulk of profitability resides. However, an increasing proportion of revenues are coming from exports which require a lot of investment and attention, and generate very little at the bottom line.