re: News: DuluxGroup boosts H1 profit, foreca... Gralyn,Yes, we...

re: News: DuluxGroup boosts H1 profit, foreca... Gralyn,

Yes, we are in sync, so I gave you one of those thumbs-up things.

The thing to watch out for, I think, is whether that Garage Doors business can be re-invigorated the same way they turned around the Dulux paint trade business (as opposed to the retail business, i.e., what we see when we visit Bunnings), which was on its knees three years ago.

The financial results of the last few years have a near $2m EBIT impost for marketing and brand investment in B&D doors (meaning current earnings are a few % understated, as a result).

If they achieve their aim of getting that business onto a 15% EBIT/Sales level, then that would create some growth acceleration.

In the meantime, as you say, its a few P/E multiple points too expensive for me