I have never been a big fan of RBD. Clearly there are a lot of worse performers in the past. But they are going to be facing some real increases in their expenses. commercial property is becoming a lot more expensive, raw materials must have gone up and soon the minimum wage increase will kick in (im not sure if its this year or next) and that will have a hige impact on operational costs. I dont see any growth unless they diversify and more likely sales will remain static (except in south auckland).