Ann: Change of Director's Interest Notice, page-31

Simply Wall Street have:
ROE at 16% for the past year not meeting its expectations of 20% for a high growth company,
Forecast for ROE in 3 years gets a pass at 20.4%. Remember forecasts are what they are forecasts
ROA at 10% for the past year beating the Hospitality Industry average and getting a pass,
ROC at 19% for the past year as beating its ROC of 3 years ago so gets a pass. ROC is basically ROE after eliminating the effect of debt.
Debt/net equity at 10.9% gets a pass. Its limit for a pass is 40%.
Its trading in the about right zone but a bit below its estimated value.
It oviously fails the PE and PEG test.
The share price to Book value is obviously low largely because of the sheer size of goodwill on acquisitions.
I will not be topping up at these levels but i will not be selling either - despite the recent bad publicity. That is not to say these levels will not in time prove to be cheap.