Having trouble posting it..........................if it pops up you will know
I posted the remarks because they were so freaking funny - David Ross, The Australian journalist has worked all over the world and has a business degree, and he wrote that they were working out what to do with profits. That is crooked - there have not been any profits. At the half year there was a $57 mil profit courtesy of the $139 mil addback from the write-off of the CNs, so they cannot afford to lose any more than $57 mil this half year to avoid a full year loss after the addback - my feeling is that they will miss due to the increased costs of borrowing and bad debts, etc. They chopped up $82 mil last half, I can't see it having got any better. So when they say they this:
Ms Scott said ZIP was also considering how to deploy the growing profits within the business, but noted no decisions had been made as to whether to engage in a share buyback or dividend or to further invest in the lender.It is total unmitigated bullsh*t. The Australian should publish an apology
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