Uawkn. Please don't mention ARP in the same post as those poor...

Uawkn.

Please don't mention ARP in the same post as those poor quality companies - who apart from being Australian retailers - have very little in common with ARP when it comes to delivering for shareholders.

The strategy to acquire and lease new and larger improved manufacturing / warehousing facilities has been in place for some time and IMO is setting the foundation for the next growth leg, to be led by exports.

Yes, plenty of franking credits and the probability is that a special dividend will be announced at the AGM this month. I am not too fussed about the size of any potential special dividend because I am more than happy for management to retain the cash and keep on earning at least 20% return on equity. It is difficult to get that type of return elsewhere, with confidence and conviction.