Q: Would appreciate an updated few. I have a few shares and thinking of buying more given the confidence to increase the dividend.
5i Research Answer:
Certainly a 100% dividend bump shows confidence. The stock is still cheap at 11X earnings, despite a nice slow uptick in price over the past year. The last quarter was good, the balance sheet is decent and good growth is predicted over the next two years. Free cash flow was high in the past two months. Trading is very thin, but otherwise it looks quite solid.