Kiwi-fair points.For sure new stores in Aussi would become profitable more quickly than new stores in CAN.

However,perhaps part of the premium attributed to MHI's share price may well be because it has expanded into CAN based on their tried and proven formula they used to establish in Aussi.

Interesting that MHI's shareprice in the last 3 yrs is up just over 50% (460 to 720)and its profit has also risen just over 50% in the same period ($10.0m to $15.1m)