divy banked, page-2

Earnings for the half were over 50c. So at that rate it's still only on a PE of 5 with no debt. Last year they couldn't take full advantage of the high coal prices because they had old low price contracts to run out. Even with the coal price reduction this year and new fx rates earnings could stay around $1/year imo. So with a PE of 5 and production growth potential what a bargain is that. Should easily get back over $10 when the market normalises. I don't want a $5 takeover.