Yes, it was a good pick to raise, as has been one of the NZX best performers this year, up over 100%.
I doubt it can achieve the same growth this calendar year, but is still likely to be a sound hold for 2011, as I think they had put groundwork in place for 3 years of solid growth.
Although I'd expect consensus broker targets around the $1.15 for now, I am thinking we look for $1.50 (or perhaps even the old high of around $1.62) by next Christmas.
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