CIY 0.00% 3.6¢ city pacific limited

michael west. where are you., page-3

  1. MJS
    2,280 Posts.
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    You will find Michael West's email address with probably any of his online SMH articles.

    ##CIY, quite simply, have to meet their deadlines to get the right headlines and the right vibe##

    What deadlines are you referring to out of interest? If the $100 million co-investor yes, IMO that was nice - albeit was not a direct investment in the FMT.

    The current dividend yield might be nice, but IMO there is no doubt that the dividend will be cut moving forward. It speaks for itself that CIY profit will fall once redemptions from its FMT are allowed. I guess the real unknown is what will be the sustainable profit moving forward. I imagine even the company doesn't know that at the moment, and it will only start becoming clear in the 2nd half of the 2009 financial year.

    MJS
 
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