In addition to the information from sagh and RStuff, I would add: * Highly profitable with ROE for FY13 around 16-18%. * Low dividend payout ratio of around 25%, likely to increase with time as more capital is returned to shareholders. * Franking likely to increase from 0% to 100% over next couple of years. * Forward P/E of 6.8, assuming 10% growth for FY13.
In the current economic climate, I am most comforted by holding NFK, given its zero debt, high profitability, market strength, proven competent management and growth outlook.
NFK Price at posting:
$1.03 Sentiment: Buy Disclosure: Held