current price makes no sense. not happy about this to be honest. so far met the FY14 forecasts. re FY15, guidance will be reaffirmed at the AGM.
current price is factoring a +30% downgrade in FY15 earnings(27% down as of current). say it earns 13mil, thats about still 10mil in dividends. 10/120 = 10% return on dividends after grossing up. so even if 30% downgrade, its metrics are good.
bargain, page-25
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