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To be fair I'm not sure that KHC and Ulvr can be compared re quality.

You can always scale in, just slowly.

Parabolic move from under £40 to over £53 within a few months is being unwound.

This in a bull market!!.

Had a small amount.

Possible Reputational damage....?

Terrible publicity unfortunately.

Peng went out about 5 years ago!!, along with bare, bare jokes etc.

Listened to the finnCap audio interview, that is an fat potential yield for the coming year. With Japan, slightly lower CAPEX and now growing cash flow from the laundry units these are very exciting times IMV. Strip out the cash and you are only paying over 16X at around this price. To commit to a 10% increase in the annual payout over the next 3 years underlines their confidence, this is before you factor in the special.

What a fantastic statement on the enhanced dividend over the next 3 years. I think some have focussed on revenue which is down to GBP strength and the declining mini lab business. Longer term that business may be discontinued, it's insignificant. The future is the photo booths business providing cash for the rapidly increasing dividend and Revolution roll out. The is also scope for an increase in the EURO over the medium term. Newer markets such as South Korea, mentioned in the statement, hold promise. This is a cracking set of results imv if you look beyond currency and to the future, all IMV.