With the 50% sale of MS
* dividends are only ~55% covered with cash now
* after a 3.3.m fee to the manager sale was below current carrying value although above construction cost
* proceeds will probably be used to pay divs., repay maturing short term facilities and maybe a small buyback.
How are future dividends going to be covered and debt repaid?
It is like watching someone's pocket being picked in slow motion.
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