Exciting future for REH, page-2

Last year, I "guessed" that in 2015 REH would post revenue of $2,023m and NPAT of $141m.

It turned out that the actual revenue is $2,087m and NPAT is $165m.

NPAT margin is 7.93% (highest ever since the start of my data in 1999)

Dividend is growing again after being relatively stagnant for 3 years.

Net borrowings dropped from $131m in 2014 to $90m in 2015. At this rate, we'll be back to positive net cash position in 2 years time.

REH is opening a new regional distribution centre in Perth.

Peter the CEO is still in his 40s. His father and 2 uncles are in their 70s and are still actively involved in the running of the business. His grandfather, lived to the age of 92. With such a good gene pool, I'm very comfortable to continue to invest in REH.

We are very lucky that REH is listed on ASX. It's very rare to be able to find such a company.