Morningstar analysis is a joke, they obviously aren't reading the narrative commentary in the reports.
Increasing the market share by 50% even with dilutions (options,drp etc) & accounting changes will see a 25%+ increase in EPS over next 2 years.
There's a reason why MNY suddenly increased the interim dividend after years of modest increases, they wouldn't have increased it if it wasn't sustainable or didn't allow them to grow it in the future.
IMO the only thing that will stop the MNY EPS growth is a recession or big fall in property prices. I expect the sp to break $2 by mid year & range between $1.75-$2.25 for rest of 2018.
MNY Price at posting:
$1.84 Sentiment: Buy Disclosure: Held
