date:Oct 28, 2013
r to grow earnings through acquisition. So far, that strategy seems to be working. Total has grown EPS by 5 per cent a year since 2007, but broker Goodbody reckons spending up to 300m (253m) on acquisitions over the next five years could boost earnings by up to 10 per cent annually, and still keep debt under control. Despite the recent uptick in the share price, a forward PE ratio of less than nine for 2014 is undemanding and there's a well-covered dividend, too.
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