Hi I haven't gained any input that doesn't support the original views. There is one exception:
The Illness that forced the CFO to leave because of ill health is, in my opinion, a huge loss. I think that MS had been freed up to look far more macro and strategic in the business as a result of the quality of the CFO.
On that basis his departure will suck MS back into the day to day running and finance department until this gap can be filled. Its a large business today with many operations which needs the CFO they had.
That does cause me some concern and probably has put on hold any further acquisitions until that hole has been filled...
I am still expecting this year 2017 to be consolidation and around 5.5 to 5,6c eps... and a dividend around the 2.5c for the full year so a flat 1.4c.
I expect to get back to growth in the 2018 year.
PGC Price at posting:
72.0¢ Sentiment: None Disclosure: Held
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