Thanks SB,
One thing I should have added (but I have mentioned before);
My spreadsheets are generally conservative.
My estimate for 2012 NPAT was significantly lower than what was reported. My targets pre merger were very conservative relative to most broker research that I had seen.
I have not seen any on the merged entity yet (I haven't looked yet).
Someone might want to post some numbers if they have any handy.
I will be looking around to see what's available soon to see how they compare to my numbers, but I always use my own research because generally, I don't trust broker research.
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