half year results, page-7

Wow, what great results. Revenue, up by 18%, profits by 163%, net debt down by $60m, gearing ratio improved by 8.5 percentage points or 33%, cash reserves of $219m and a 75% increase in the dividend. The cherry on top is our 50% share of AUMS has grown even faster than ASL has. What is not to like? No wonder the SP was initially up 15% on this news, even if it has retraced somewhat since then. $3 will be back before much longer imo. I like the fairly conservative approach to the dividend pay out which only represents 34% of the profits. I would expect the final dividend to grow to about 5 cents along with further revenue and profit growth, but DYOR. Lots of blue sky ahead if you ask me.