Originally Posted by
Beagle
My work on the weekend showed they had grown eps over the previous 4 years and forecast over the next year (total 5 years) 31.7%. I looked back at the share price 5 years ago and it has grown in line with earnings growth. As long as we don't get another GFC Mk2 my modelling has them taking another 4 years (sometime in 2023) to get back to the previous high of $2.14. That's fine and I am happy to continue to hold a modest position for what is realistically going to be most likely to be about 5-6% per annum share price appreciation on average, over the years ahead. That and an 8.6% gross divvy is all that's required for me to hold. I'd rather have more realistic expectations and then be pleasantly surprised than the other way around. Time will tell.