Ann: Veda FY15 Full Year Market Release, page-14

thank you for the table. hmm PPT seems to be doing a bit of investing and trading at the same time.... selling > 2.30 and buying under 2.20..?

ive been thinking about this business today and in an environment where decent top line growth is very difficult to achieve this business can probably grow revenue at 10% for next 5 years not too bad.. at today's price which is cum divvies, its ~20x PE .... [(2.05 - 0.06) / ~10c EPS] for a growing business that can fund progressively rising divvies and growth capex via FCF. for the next year or 2 so past tax losses will help NPAT but no franking for our divvies, in a few years i expect/hope we will be have full franking but slower (but still growing) NPAT.

overseas business (cambodia etc) seems to be performing well but not yet material to earnings, wonder if they will go for more international acquistions like CAR/SEK or content to dominate the aussie market & make new products for existing customers?..