re: announcement re new gas supply contract DUE are a nice steady earner but watch the down side.
1. Incredible gearing. Any big movement in interest rates will wipe out any earnings
2 Paying dividends from capital. Just for the moment to maintain smooth distributions during restructure of DBGP
3 Maquarie have so many fees and performance grabs that any up-side is throtled to death. Try 20% of capital gain above a very ordinary benchmark. And 1% of net value. including borrowings....
Macqarie is not a millionare factory for nothing! Mums and Dads pay for it!
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postive press coverage, page-7
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