Well, we're 10c short of my $2.20 price target that I made when...

Well, we're 10c short of my $2.20 price target that I made when I bought in a good year or so ago.

I don't see any significant reason to sell as FXL looks primed to test $2.20 and potentially $2.50. Otherwise $2 should be a relatively easy price target to maintain upon any remotely decent news.

Given the introduction of a new AU card for this half, growth in Ireland alluded to in prior news reports, projected savings greater than the 5-10m in 1H, implementation of new products throughout the full year and Digitise rolling out nationally during this half year. FXL does seem relatively cheap at a PE of just under 9 and dividend of 3.7%. P/E ratios for this sector are at 15. Upon any indicator of growth, I can see FXL pushing towards that evaluation.