Rumour doing the rounds in professional circles in Auckland today was that a silly old accountant in Titirangi was playing with his abacus today.
$11m first quarter, $12m second quarter, $13m third quarter, $14m fourth quarter as they continue to build their book of high margin loans = $50m for 2015.
This was said to get him in a happy mood so he then kept playing and worked out that if growth continued at the same rate that would amount to $66m for 2016. $66m over $490m =EPS of 13.46 x PE of say 12 = $1.61 in two years....hmmm....Something so simple couldn't possibly be plausible though could it :D