unlikely to happen anytime soon as they have an ambitious growth plan ... i got in when they split ... i am a little worried about over concentration of stores (in victoria they have them relatively close to each other) but i like their business model ... a good defensive stock i thinkThought about buying at $60 last month. Got angry that it just kept rising, so hunkered down and bought a few shares at $65 last week. Glad I did!
Profits up 29% and dividend raised to 9c/quarter (as expected). The dividend has a hell of a long way to grow, at only 17% payout ratio. As this increases and yields rise (assuming the price stops roaring up at some point) dividend investors will come pouring in to prop the stock up as growth investors start to pull out.