EPS rose 10c to 173.6c. BUT there were less shares in FY11. Note that WOW only pay divs amounting to 70% of earnings versus 90% for WES. It does mean WOW have a hellava lot of cash stockpiled. Hence, we can expect divs to increase in FY12. However, am not convinced the huge expenditure into hardware is a good idea. I mean how many cordless drills does one need?
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