Mum had an awesome week catching up with friends and family and all celebrations went well, thanks.
From the annual meeting in April, Julian Cook assured the meeting after their very long and thorough due diligence in Australia their Australian expansion would only happen if the numbers looked very good so I am assuming they bought that Melbourne land and have village construction costings that look very attractive.
The expansion over there looks well timed with many commentators opining that the market there has bottomed.
I think its clear their unbroken track record of underlying earnings growth will continue, albeit at more RYM type level's. As we know 15% underlying earnings growth (by simple compounding) leads to the doubling of underlying earnings every five years and I think that's what they're now aiming for.
We should have the Sept quarter sales stat's next week and if those are as good as the share price is indicating they are then she's onward and upward.