RE:RE:RE:RE:RE:RE:Still think...Rex reading your comment regarding YGR being a destroyer of capital I took some time to look at the ROCE of the 3 cardium players I hold. The following are the results for the past 6 years with 2020 removed due to the covid impact skewing the number. Some might argue I should also remove 2022 as well. As you can see none of these are standing out way above the others, all in around 12%. IPO gets the nod for being a standout over the other for their ROCE the past 3 years vs peers. Still see YGR as being the most undervalued with the most upside potential.
| | 2018 | 2019 | 2021 | 2022 | 2023 | Average |
| YGR | 11.7% | 10.1% | 12.7% | 20.3% | 9.2% | 12.8% |
| IPO | -18.0% | 1.4% | 29.8% | 23.5% | 27.0% | 12.7% |
| BNE | 2.9% | 2.1% | 29.8% | 11.5% | 9.7% | 11.2% |