This stock remains undervalued imo and is trading on low PER's of 8.4% based on estimated FY06 EPS of 12 cents and 7.6%estimated FY07 EPS of 13.2 cents. As it does not have index participation a fair PER would be 10 times eps which values the sp at 18.8% more than the current $1.01 i.e. $1.20 for FY06 and 30.7% or $1.32 for FYO7 (forward estimates revised upwards by huntleys).
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