This is a great result and very good start to 2016 with revenue...

This is a great result and very good start to 2016 with revenue growth accelerating. I was a little disappointed that they did not announce a dividend but am ok that they took a very conservative view of the financials and ensure that they stay debt free. Not have having bank debt to worry about is a huge strategic advantage as management is free to make good decisions for the business without worrying about banks. Boosting profits and then committing to paying a minimum of 50% of prints as div is great. I think that the analysts will now re-rate PBG and we will see a lot more buy recommendations. The next catalyst for SP growth will be the AGM and what they say about the outlook as they approach Xmas. I am happy to hold a growing debt free company.