We probably all have different valuations at this particular moment, but what is surprising is that there does seem to be a real convergence of valuations towards $40 end of the next financial year. Take a look at the FT forecast for SRX which shows the median only just less than the maximum estimate, so we do seem to have a real consensus.
http://markets.ft.com/data/equities/tearsheet/forecasts?s=SRX:ASX
Comfort in UBS commentary, page-26
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