date:Oct 28, 2013
2008. Yet, despite rallying 36 per cent so far this year, and 13 per cent since we recommended taking a speculative bite back in April, the shares still trade on less than nine times earnings, a discount to their global peers and below their own five-year historic average. The shares look comparatively cheap on an enterprise value-to-cash profits basis, too. Admittedly, profit growth this year will be muted due to last year's tough comparisons, but with a strong balance sheet and forward dividen