Camden emphasises how gross-margin has increased for MCP.The...

Camden emphasises how gross-margin has increased for MCP.The main drivers are:
1) High AUD. Whilst AUD remains above 87c it is very beneficial to MCP bottomline.
2) MCP has spent plenty on improving operational effeciency. They have by-passed middlemen in China and now buy direct from manufacturer. In addition have automated their warehouse and costs have fallen.
Soas long as AUD is high and women want to dye their hair and manicure their nails... MCP is likely to prosper.
PS.Last day today(friday) to buy cum-div(10c ffr).
PPS. My forecast divs for FY11. Interim in late feb. 12c. Final in late august: 14c. Total=26c ffr for a $2.90 SP. That's 9% excl.franking credits!! As Camden opines a special div next year is possible. Debt level in FY11 will be half that of FY09.