newieboy you are right. The fact that management holds a large...

newieboy you are right. The fact that management holds a large chunk of this stock first attracted me to it. They seem to very conservative and run the company quite well.

For anyone who doesn't hold.....it's still a very good buy @ current levels IMO. The stock is trading @ FY11 and FY12 Per's of 8.2x and 7.6x respectively, representing a discount of 33% and 31% to small industrials. It's a well placed company from a funding perspective and as such their won't be any capital raisings around the corner to fund volume growth. BLINK and it's commercial finance segments should grow nicely in FY11.

Not sure about Macquarie's price target as you mentioned....but i know GSJBW has a target of $2.03 if that helps.

This is a very good performer and uasually delivers @ results time.....and has a yield of over 5%. Given the yield and the very very good potential for good capital growth it's a no brainer this one.