Would it be safe to assume that without dilution & with a 15% (post-dividend) RoE, REPCO can double its book value in 5 years. It will also have re-rating from 1 times price to book to at least 1.5-2 times price to book which means there is some chance that the stock price might triple (21.5 = 3) or quadruple (22=4) in 5 years from here?
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