MacMillan Shakespeare: Well funded for offshore growth opportunity

John Abernethy highlights one company he believes offers a combination of both yield and growth. "MacMillan Shakespeare has grown steadily from prior to the GFC. A period of over 8 years and has been 6 years in our portfolio. Apart from the period following the former-Government changes regarding car logs the company has steadily grown profits and dividends. The outlook is for steady but lower than historic growth in Australia but with an emerging business in United Kingdom. Company is well funded and generates strong cash flow to undertake the growth opportunity in the UK."