goodwill was not up to them, it's a decision made by the auditors...as for the rest i think they're trying the "underpromise, overdeliver" strategy
their margins look good though and the outsourcing strategy will pay off
over 12EPS and share price at 88c is cheap IMO, the reinstated dividend should help too
surprised some aussie insto with a mandate based on value is not all over this but then again they are a herd aren't they, they will be all buying at the same time when the SP is much higher
PBG Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held