Ann: AMMTEC LIMITED - TARGET'S STATEMENT , page-3

aec's figures for 2010 were well below what I thought their previous bullish statements were going to produce.

If their recent financial update is the best they can do then their earnings and div yields at 3.60 are not exceptional:

aec earnings % 2010 2011 8.6 9.7
aec gross div yield % 2010 2011 6.9 7.9

but still superior to those of cpb:

cpb can take advantage of their status as a relatively large cap company and so more in demand from inst, but PERatio of 15-16 is vulnerable to a fall in sentiment.

cpb earnings % 2010 2011 5.9 6.6
cpb gross div yield % 2010 2011 4.5 5.1

I am not a trader and so will hold for the moment

(2*31.3)/17=3.68
and the 1.30 increase in cpb's sp may have been contrived?

assumptions above:
aec eps 31 35
aec dps 17.50 20

cpb eps 186.20 206.60
cpb dps 117 132

I trust we are not forced into a takeover.