Is it just me or does anyone else think the board should cancel the dividend currently payable on Wednesday 1st of April? That'd be an extra $96.3m to use should push come to shove. Anticipating Casino closures in the near future.
To me that's cash they should have sitting in the bank as a buffer. We do have excess debt facilities we can drawn on, however, with foot traffic down considerably I'd imagine, cash flow will be down significantly more.
The repercussions of this pandemic and government response will be felt for the next 6-12 months in my opinion.
After that, Queen's Wharf will come online so that should help accelerate our regeneration.
Cheers,
Dalto24
Ann: 1H FY20 Results Announcement, Accounts & Financial Calendar, page-52
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