Ann: Response to ASX, page-13

That isnt a good idea in my humble opinion.

Growth in these type of companies eventually drops to circa nominal gdp growth....well for the well run ones at least.....less for badly run ones...i am not suggesting that will be the case going forward jist yet but if and when that happens pe goes to circa 12 13 in this current low interest rate environment and if and when interest rates normalize the pe will go to.circa 10.

Pe rerates are nasty but if coupled with earnings rerates then its a double bladed knife. .....dmp have spent a lot of money buying back shares circa 160m to date. This is an additional interest bill for the company.

In my humble opinion extreme caution is required here