Suggest look at ROA (rather than ROE). ROE may be 17.8% for both 12 months to Dec18 and 12 months to Jun18 ... but the ROA is 10% and 11% respectively (Thomson-Reuters data - not my own calcs). IMO, CTD already looks 'juiced up'.
@waterls - what makes you think he didn't have shares/assets in companies he's not a director of?
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